BSP keeps key rates unchanged

bsp keeps key rates unchanged

Sumary of BSP keeps key rates unchanged:

  • } “Upside risks are mainly linked to the potential impact of weather disturbances on the prices of key food items, petitions for transport fare hikes, and the possibility of a prolonged recovery of domestic pork supply,” he explained.
  • “Strong global demand amid persistent supply chain bottlenecks could also exert further upward pressures on international commodity prices.
  • The uncertainties in food supply require determined reforms to improve farm productivity and competitiveness,” he added.
  • “Meanwhile, potential delays in the lifting of domestic containment measures, as well as the emergence of more virulent Covid-19 variants, could dampen prospects for both global and domestic demand and thus temper inflationary pressures.

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