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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 government’s continued movement restrictions will deter the country’s economic recovery this year, one of three major international credit rating agencies said on Thursday, Feb. 18. In a credit opinion, Moody’s Investors Service said that the Philippine economy, as measured by its...

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...