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Economy

14 Nov 2021

Philippines Central Bank to Continue Accommodative Monetary Policy

The Index Today

The Central Bank of Philippines has stated it expects the economy’s growth rate to exceed targets this year and will continue its accommodative stance to promote economic recovery after the pandemic.

Governor Benjamin Diokno said that growth targets of 5% to 6% are expected this year, beyond the government targets of only 4% to 5%. The expected economic growth is attainable with subsidies and developments.

He further said to reporters, “The BSP may continue to be patient and continue its accommodative monetary policy stance given the current domestic, external and financial developments.

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