BSP seen keeping rates on hold“I see the BSP sticking to its guns. Nicholas Mapa, senior economist at ING Bank, said interest rates are likely to be kept at record lows this week as the central bank BSP... From B1has already telegraphed a pause. “The brisk pace of activity shows that the economy is gradually coming back to life bodes well for the fourth quarter GDP and 2022. The BSP has also indicated it would like to keep holding its patient’s hand to make sure the recovery is sure footed. Monetary support kept families incomes intact while struggling firms were thrown a lifeline,” Mapa explained.

Source: Philippine Star December 13, 2021 05:07 UTC