Dovish Diokno to keep rates low ‘for many quarters to come’

"Как только сами поверите, так и реальность поверит. И вот тогда случится чудо." Вадим Зеланд ©

Dovish Diokno to keep rates low ‘for many quarters to come’ MANILA, Philippines — Faster inflation for the past 3 months is not convincing the Bangko Sentral ng Pilipinas (BSP) to reverse course from last year’s aggressive monetary easing that brought record amounts of liquidity to the financial system but risks stoking prices. “We intend to keep this accommodative monetary policy for long. So interest rates, I think, will be around this level which is around 2% for many quarters to come,” BSP Governor Benjamin Diokno said in an interview with ABS-CBN News Channel. The central bank chief made …

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