By Luisa Maria Jacinga C. Jocson, Reporter
Bangko Sentral Ng Pilipinas (BSP) can continue its easiest circuit as its next meeting on April 10, more than itefIt means ICial.
The BSP Ruler Eli M. Remona, JR. He said the average amount of the “table” at the Finance Board meeting, next month, a number “of the year.
“Let me say we see ourselves in the edge of minimism. We expect to cut a few times this year. But how much, we did not determine,” says Foram.
Mr Remolo also confirms that the next financial meeting of the Finance Board will be transported to April 10 from April 3.
“If we think we are tracking, or under the track, we live children’s steps, which means 25 points (BPS) at a time,” he said.
Central Bank is suddenly stored with strong prices in their policy review in February
This after bringing 25-bp cuts straight to their meetings in August, October and December.
“If things look worse than we think – that’s what we call hard up – can be 50 BPS cut, high, it will be 25 bps at a time,” said Mr Just.
However, the hard arrival or the state of economic downturn is “very impossible,” add.
The Philippine economy grew slowly – is expected to be 5.2% in a four-quarter, which brings 2024 to 5.6%. Full-time growth of the year was not under 6-6.5% target.
This year, the government referred to 6-8% growth.
Mr Justona said the central bank looks at several scenarios in the policy decisions.
“There is a foundation, the grace that will cut these many times a year.
“We compare those three situations and how we see prices increase, see growing growing. It is an act of measurement between inflation and growth so we should aim for different aspects.”
The BSP king also noticed that he repeated the available models to answer risk.
At their meeting in February, Mr Remonona said “worldwide trading” was the main reason for the main reason for policy.
“There are still many types to look. Of course, we re-get our models to look for uncertainty,” he said.
An increase in the most restored inflation in 2.1% in February from 2.9% in January and 3.4% last year.
February printer was under a 2.2% -3% forecast on the middle bank.
“We missed the inflation number of the lower, lower than low size. If we are missing, that is a way to miss it, so we are happy with what’s out,” Mr Justona said.
“Then we will look at all the other numbers, and then we will decide on April 10 even if we are traveling and or not drainy.”
Red cuts of rrr?
Mr Justona also revealed that it is possible for another lasting need (RRR) to be cut, perhaps within a year.
You asked if the BSP would also defy the final needs before the end of the year, says this “possible.”
“For me, 5% are on top. But I vote. We are just one seven money. But it is unexpected because we need to be overwhelming,” Add.
The RRR of Universal and Commercial Banks and non-financial institutions of QUASI-Banking will be reduced by 200 to 5% from 7% later this month.
Digital Banks’ RRR will also be determined by 150 BPS to 2,5%, while the Thrift’s loopholes will be reduced by 100 BPS to 0%.
Rural Rrr and Cooperation has been zero since October, the last the needs of the BSP CUT Reserve.
Big Banks’ RRR can be brought down to Zero at the end, Mr Justona said. “It can be zero. In the US, RRR is zero.”
The BSP King said there was “a subtle difference” between the policy level and the last demand. Reducing or one stimulating economy, he said.
“But a policy rating, there is a type of cycle, you do not want to reduce and increase the future. You want to continue to walk in children’s steps.”
“The last need, you can just let go. It is, that’s all, and it’s not the type of cycle you should worry about.
Eye on peso
At that time, Mr Justona said they were very closely looking at the repetition.
“We are always worried about the exchange rate. But not for reasons some people worry about the exchange rate because if we are too weak, it can be a dim.”
The Peto was closed at P57.225 per dollar on Tuesday, reinforcing the 18.5 cectavos from the P57.41 at the end of Monday.
PESTO has been pressured at the end of the past year, crossing the record – P59-per-dollar level three times.
“We monitor the quality of exchange. But not because we want PESE to be low or stay high. We monitor the results of inflation,” add.
Mr Justona also clarified that the middle bank managed the Gold Rescs.
“Gold as an asset, it is a very bad investment.
“But it is very flexible. Therefore, alone, it is the poorest investment. It is dangerous and the intermediate restoration is unreasonable.”
The latest BSP data has shown the Central Bank’s Gold Holdings and increased by 2,5% to $ 12,5 billion in ED-February from $ 11.75 billion last month. Similarly jumped in 16.6% from $ 10,34 billion at the same time in 2024.
“But if you catch as part of a big portfolio, and our portfolio is especially the dollar asset, a beautiful fence … especially where there is geololitic,” he said.
Mr Justona said the Central Bank sold golden stores as a priceless price, so gold in the bsp areas had broken a “good measure between 8% and 10%.”
Most of the BSP golden areas are in the bank of England, with a small amount saved by New York Federal Reserve.
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