BSP can keep reserve ratio unchanged for now: economist | ABS-CBN
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BSP can keep reserve ratio unchanged for now: economist
BSP can keep reserve ratio unchanged for now: economist
ABS-CBN News
Published Feb 20, 2019 10:27 AM PHT
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Updated Feb 20, 2019 10:47 AM PHT
MANILA – The Bangko Sentral ng Pilipinas does not need to cut reserve requirement ratio for banks as of this time as more capital flows are coming back to the region, an economist said Wednesday.
MANILA – The Bangko Sentral ng Pilipinas does not need to cut reserve requirement ratio for banks as of this time as more capital flows are coming back to the region, an economist said Wednesday.
The BSP did "very good signaling" by saying it is ready to act if there is not enough liquidity to maintain growth, said ASEAN+3 Macroeconomic Research Office chief economist Hoe Ee Khor.
The BSP did "very good signaling" by saying it is ready to act if there is not enough liquidity to maintain growth, said ASEAN+3 Macroeconomic Research Office chief economist Hoe Ee Khor.
“There maybe no need for the central bank to cut rates at the moment but certainly risk aversion would come back, and capital outflow then it would be important for the central bank to provide liquidity,” Khor told ANC.
“There maybe no need for the central bank to cut rates at the moment but certainly risk aversion would come back, and capital outflow then it would be important for the central bank to provide liquidity,” Khor told ANC.
The Philippine economy could grow to 6.4 percent this year but policy makers have to be prepared to respond to a potential failure of the US-China trade talks, Khor said.
The Philippine economy could grow to 6.4 percent this year but policy makers have to be prepared to respond to a potential failure of the US-China trade talks, Khor said.
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"The global situation is constantly changing so policy makers really have to be quite nimble and proactive and move ahead of the curve," Khor said.
"The global situation is constantly changing so policy makers really have to be quite nimble and proactive and move ahead of the curve," Khor said.
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