MANILA: The ongoing easing cycle will boost business confidence and help speed up the recovery of private investment, which has yet to recover to pre-lockdown levels and make bigger contributions to economic growth, according to Metrobank Research.
In a commentary, Metrobank said the Bangko Sentral ng Pilipinas’ (BSP) cuts to policy interest rates and banks’ reserve requirement ratio should help stoke business sentiment, allowing companies to secure funding for expansion on relatively cheaper terms.
