By Luisa Maria Jacinga C. Jocson, Reporter
Bangko Sentral ng DivePinas (BSP) can unexpectedly work stronger rigid prices on Thursday as the uniformity of the world threatens Vision of inflation and Growth, even though signed the limit to the limit.
At its first annual policy meeting, the amount of the money has left the target replaster record unchanged measurements in 5.75%.
Deposit rates in the pipes at night and the lending structures are also stored by 5.25% and 6.25%, respectively.
Central Bank had cut prices in 25 points (BPS) at each of the three meetings last since August 2024.
“Measurement, uncertainty about inflation and rain growth maintains strong financial policy,” BSP Ruler Eli M. Remona, JRONE, JRONE, JR. He said.
“Before you decide when further decreasing of policy interests, the amount of money is wise to wait for a more international assessment and possible consequences of the actual policies.”
The BSP decision drew after 19 years of analysts of voters by Businessworld He expected 25-Bp dedication to the meeting of Thursday. Only one commentator expected by the BSP to keep the rigid amounts.
“Usually, we would have decided, but something changed.
US President Donald J. Trump’s Plan to force the tax rates in all cases of the US case caused by the World War.
Since taking a position in January, Mr. Trump has set up the Chinese prices and 25% of the import price and aluminum, while applying for tasks imported from Mexico and Canada.
“But there are other sources of uncertainty, and we are not really comfortable by examining the impact of that, uncertainty.
The BSP King said they looked back to their models to get better for this uncertainty.
“We are facing an unusual thing in accordance with policy confidentials that will be lodged and our models do not get the same proper,” he said.
‘She Is Reterring the Cycle’
At that time, Mr Justona said despite this policy Pause, Central Bank says “still in Easy Cycle” and are not thinking to increase borrowing costs.
“Looking forward, the BSP expects to continue its restructuring changes in the limited policy arrangements, just as the previous policy reforms on the economy,” he said.
“At present, the problem is that we actually do it by moving the policy rate on the floor.
The central bank will probably continue reducing the interest rates by 25 BPS at a time, he said.
“It does not mean 25 BPS each time, each policy meeting. It means just when we cut it, it will be 25 bps. We don’t hope to cut too much.”
Mr Just colona said they could cut up up to 50 BPS this year. Asked about that idea, he said: “That’s what looks.”
The BSP will continue to keep strong prices, depending on the data, Mr Justona, but will not be a budget remuneration “at the table of the board meeting on April 3.
Inflation
Central Bank said the risks of inflation vision have been “very balanced” this year and next.
Central Bank suggested its repaired predictions of risk this year to 3.5% from 3.4% previously. However, it has been kept in the past 2026 in 3.7%.
The BSP foundation is also closer to its fixed risk.
“As we said, because the risks are very measurable, they are not very different from the risk of risk,” said Deputy Websp Deputy Francisco G. Mr. Dacallo, JR. means.
Mr Makakala said there could be a LAG on a small salary of wage earned last year.
“It is noted that taking a thin salary rate by 2024 in all district wage boards can cost about 8.1% of this year, especially in the last part of 2025,” he said.
The best results of the basis for reducing the pressures of the pricing of 2024 can also contribute to the second part of this year, adding.
“Because of the two things, there may be a balanced development in the second half of 2025, but we see that inflation will return to 2026, and comes after a market in the oil.
“Accidents … can have the pressures that are looking forward to services, but that is moderately in moderation of rice prices,” add.
At that time, Mr Remolon said the opportunities for home growth “went on strong.”
However, uncertainty about the global economic policy and their impact on the local economy has grown, “he added.
Economic authorities aim for growth of 6-8% gross
While inflation worries is the sound “great weight” in making the BSP policy, Mr Justona said they were still looking for economic growth.
“We don’t want to lose unnecessary discharge. If we are not able to manage inflation without reducing out. At the moment, the act of measurement is more difficult than usual.”
‘Shorttime’ for a young age?
At that time, analysts expect that the middle bank also begins its rating collection cycle.
“We think this symbolizes a break, rather than standing in the simple cycle,” the high economician Asian Gareth Leather.
“We reviewed that (Thursday) Rate Balding, following three consecutive cuts, it will be short,” Pantheon Macrocomics said the Asian MigNanciist said.
Mr. Choloun said the growth of the Sluggish GDP and the intended inflation provides the “adequate policy of the reduction of the rate without losing its’ restricted.”
“Provided inflation is still controlled, then continued cuts may be more than the months,” May Mr Fake.
Both Capital Economics and Pantheon expects the BSP to accompany the 100 BPS cuts this year.
“In terms of prices as it is moderate as it is, the Rational Value in the World is still 250 BPS on top of its historical scale.
The Philippines is also impossible to be detected heavily on Mr Trump’s charges.
“While we assume that the commercial policy will remain uncertainty for some time, the central bank needs some time before deciding its response. Our thinking will be hit by 10% of the universe (in the currency, means raising), “Mr. This is the skin.
RRR Cuts ‘Strongly Firm’
At that time, Mr Remolo said that the Reserve Diseaption Retition (RRR) cuts were still pipeline of this year.
“What I can say that we will probably lower it from 7% to 5%. The time is still being discussed, but I think it will be soon.
The BSP Reduced The RRR For Universal and Commercial Banks and Nonbank Financial Institute With Quasian-Banking Functions by 250 BPS to 7% from 9% from 9.5 from 90 BPS Took Fuffement Offect Offect October October.
At that time, the middle bank seeks to develop “playbook” to direct the intervention of external exchange.
“We are developing a playback in the External Exchange Market. We are based on our judgment and our experience, but we did not include this experience,” said Mr Justona.
This would not result in additional assurance, he said, but it would be based on the “Better Economic Analysis of a Better Market.”
“We’re worried about the PASS-through exchange rate because, you know, the globalization is usually released in dollars … even if the story after the dropdown dollars,” he said.
“But when PESTO seems down the dollar, then it causes inflation. We worry about that. In this way, it was a lot of the peso.
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