BSP policy stance ample support for recovery – Diokno

BSP policy stance ample support for recovery – Diokno

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said they continue to assess and review monetary transmission to ensure that the accommodative policy stance and liquidity surplus will effectively support the recovering economy.

“Early signs of recovery in domestic activity are being noted, with further improvements expected as containment measures are relaxed further, and firms and households adjust better to the post pandemic operating environment,” Diokno added.

At 2.25% central bank policy rate which was the lowest in BSP history, and with the 2.4 percent latest inflation for the month August, the BSP chief said the current monetary policy stance remains appropriate.

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