ING sees policy rates steady ahead of BSP meeting

ING Bank N.V. said it expects the Bangko Sentral ng Pilipinas (BSP) to keep its monetary policy steady even as inflation picked up in February.

In a report posted on Wednesday, March 7, ING Bank Manila branch senior economist Jose Mario I. Cuyegkeng said they are expecting for a steady monetary policy decision at the BSP’s monetary policy meeting on March 22.

“With BSP’s conviction and reiteration, we now expect a steady monetary policy decision at the March 22 policy rate meeting,” Mr. Cuyegkeng said. — Karl Angelo N. Vidal

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