MANILA, Philippines–The Bangko Sentral ng Pilipinas will likely keep its policy rates at current record lows until the middle of 2010 to further boost the economy, which is seen to recover only modestly from the impact of the global economic crunch.
This was the projection of investment bank Barclays Capital, which said the BSP would want to witness faster credit growth to support more economic activity.
Prakriti Sofat, regional economist of Barclays Capital, said in an analysis of the Philippine economy that the BSP may allow the peso to strengthen a bit to help maintain a benign inflation.
“From a policy perspective, we think that the central bank will lean toward using the currency as an instrument to contain inflation, with our yearend target being 46 [$1:P46],” the bank economist said.
After hovering in the 47-to-a-dollar territory earlier in the year, the peso has moved to the 46 range and touched 45 in intra-day trade last Tuesday because of rising foreign exchange inflows, mainly remittances from Filipinos abroad.
An appreciation of the peso makes imported goods cheaper, thereby tempering overall inflation. –Michelle Remo, Philippine Daily Inquirer
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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