Philippine Central Bank Governor hints mid-year monetary easing

07.02.2020 - Korneychuk Evgeniya
Philippine Central Bank Governor hints mid-year monetary easing

Benjamin Diokno, the top official of the Philippine’s central bank, bared that he was considering having the next monetary easing via an interest-rate cut “sometime in the middle of the year.”

“With another rate cut yesterday, we still have a   lot of monetary space,” Diokno said.

On   Thursday, the central bank cut its benchmark rate by   25   basis points to 3. 75 %, joining the neighboring countries in rate cut amid the global economic slowdown brought about by the novel coronavirus outbreak that originated in   China.

The easing was implemented a day after Thailand and Singapore lowered their interest rates.

In   2019, Diokno said that he anticipated 50 basis points of rate cuts for this year which he noted after the central bank increased the rates by 175 basis points in 2018 and decreased it the following year by 75   basis points.

“The coronavirus maybe just provided us an opportunity to do it much earlier than later,” Diokno added.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from Umarkets.com or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue
×

Help with deposit?