Strategists at UOB Group’s Quarterly Global Outlook seen the BSP leaving its policy rate unchanged at 2.00% at its meeting on Thursday.

Key Quotes

“Given that a full recovery remains distant, the near-term growth outlook is still subjected to uncertainties, and with inflation staying high, we expect BSP to keep its policy rate unchanged until mid-2022.”

“Health and fiscal policy interventions are key tools for upholding growth momentum.”