Prakash Sakpal, economist for Asia at ING, said the Philippine central bank is seen defying tightening anew during its rate-setting meeting on March 22. The BSP has set a medium-term inflation target of two to four percent between 2018 and 2020. Sakpal said the Bank of Indonesia and Taiwan’s Central Bank of China are also likely to maintain current policy settings. “Philippines’ central bank is likely to keep its policy rate steady at Thursday’s meeting and through the rest of the year, as inflation trends lower,” he said. According to Cuyegkeng, the risk to this steady policy rate path is a significantly weaker Philippine peso.

Source: Philippine Star March 18, 2018 16:01 UTC