BSP seen keeping rates steady Thurs, rest of 2013
MANILA - The Philippine central bank is likely to keep steady its key policy rate and the rate on its special deposit account (SDA) facility at a meeting on Thursday with no real threat from inflation now, a Reuters poll of economists showed.
All 12 economists polled expect the central bank will leave the overnight borrowing rate unchanged at a record low of 3.5 percent. All 10 economists who provided responses on the SDA facility expect that rate to be held at 2.0 percent.
Despite strong economic growth, inflation has remained under control in the Philippines. Average inflation in January to September was 2.8 percent, below the central bank's target of 3-5 percent.