Low inflation means rates will remain low in the Philippines

With the economy growing at a decent pace but inflationary pressures under control, today’s decision by the central bank in the Philippines (BSP) to keep its main policy rate on hold at 4.0% came as no surprise. Looking ahead, a move to an interest rate corridor system looks imminent, but the move itself is unlikely to lead to a change in the central bank’s current monetary policy stance.


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