BusinessWorld E-paper
April 10, 2024
THE Bangko Sentral ng Pilipinas (BSP) still has room to delay monetary easing, analysts said, noting the Philippine economy can still withstand “higher-for longer” interest rates.
“The economy is strong enough to withstand the current policy rate of the BSP at 6.5%. It would be useful if we see the banks doing less pro-cyclical lending operations to help avoid a convergence between the business and financial cycles as well as lower credit and economic growth,” Global Source country analyst Diwa C. Guinigundo said in a Viber message.
