BSP reduces policy meetings to six per year

MANILA – The Philippine central bank said on Friday it has reduced the frequency of its policy meetings to six per year, starting this year, from the current seven per year.

The change to bimonthly intervals will pave the way for more in-depth analysis of data updates and give the bank greater scope for consultations with sector experts on its forecast assumptions, the Bangko Sentral ng Pilipinas (BSP) said in a statement.

The BSP will hold its first rate-setting meeting this year on Feb. 20. – Reuters