The Philippines is the “clear laggard” in Asia, Moody’s Analytics declared, noting that its economy will likely return to its pre-pandemic levels only by the end of next year. Decentralized health advice alongside the sluggish COVID-19 vaccine rollout is denting the nation’s recovery, an...
The Philippines is lagging behind in Asia’s economic recovery due to the sharp surge in coronavirus infections, resumption of strict lockdowns in Metro Manila, and a severe shortage of vaccines, Moody's Analytics said. The research arm of debt-watcher Moody’s Investors Service said on Monday,...
Financial intelligence company, Moody’s Analytics, said the Bangko Sentral ng Pilipinas (BSP) is not expected to move the policy rate this week but if the rise in new COVID-19 cases continue, it could cut benchmark rate in the second quarter this year. “We expect the Philippines’ central bank...
The central bank’s Monetary Board is not expected to move the key rate when it meets for its first policy review for 2021 on Thursday, according to Moody’s Analytics Asia Pacific. “The Philippines’ central bank is expected to keep its key policy rate unchanged at two percent at its...
The government’s limited number of coronavirus vaccines, coupled with logistical challenges and growing doubt about vaccine efficacy, would drag down the Philippines’ economic recovery, Moody’s Analytics said. In a research note, Eric Chiang, Moody’s Analytics economist, said the...