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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