Unknowns in global trade spur rate freeze

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The story "Unknowns in global trade spur rate freeze" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

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Unknowns in global trade spur rate freeze - Business Mirror

Quick Summary:

GLOBAL uncertainty over trade policies prompted the Monetary Board to keep the policy rate steady at 5.75 percent.

As domestic growth prospects continue to be firm, Remolona said it’s possible that the country can grow by at least 6 percent this year.“Yes it’s possible,” Remolona said, adding “Our models say it’s still within…our capacity itself is growing around that much.

With about five more meetings slated to happen this year, the BSP chief explained that the issue now lies with “when” the seven-man Monetary Board would cut rates, adding that in some of those meetings, “We’ll probably be easing.