Central bank seen staying put on rates

An uneven economic recovery and cooling inflation should provide the Bangko Sentral ng Pilipinas (BSP) the impetus to maintain the status quo on interest rates.

BENGALURU: The Philippine central bank is likely to wait until the end of next year before raising interest rates to support an economy still recovering from the ravages of pandemic-induced lockdowns, according to a Reuters poll of economists.

An uneven economic recovery and cooling inflation should provide the Bangko Sentral ng Pilipinas (BSP) the impetus to maintain the status quo on interest rates.