Philippines: BSP expected to remain on hold this week – UOB

Economist at UOB Group Lee Sue Ann comments on the upcoming Bangko Sentral ng Pilipinas (BSP) monetary policy meeting.

Key Quotes

“We see changes in the Feb MPS as a signal that the BSP is preparing for an earlier rate hike should conditions warrant and inflation surpasses its target range in the near term.”

“Hence, we have revised our outlook to three rate hikes this year with a 25 bps increase in each quarter starting from 2Q22.”