Inflation seen staying above 2% in Q1 0 SHARES Share it! • Consumer spending should continue to post above- average gains in the fourth quarter, not only due to the above, but also with low inflation (in) the fourth quarter. • Money growth (M3) remains well below 10 percent despite the earlier policy rate and reserve requirement ratio (RRR) cuts. “The BSP has scope to keep the policy interest rate unchanged given the benign inflation outlook and firm domestic economic growth prospects. At the same time, keeping monetary policy settings unchanged will enable the recent monetary policy actions to continue working their way through the economy.”

Source: Manila Bulletin January 14, 2020 13:52 UTC