{"id":20442,"date":"2014-07-30T21:09:59","date_gmt":"2014-07-30T13:09:59","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=20442"},"modified":"2014-07-30T21:09:59","modified_gmt":"2014-07-30T13:09:59","slug":"slower-global-growth-gives-bsp-more-room-for-key-rates-adjustment","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/07\/30\/slower-global-growth-gives-bsp-more-room-for-key-rates-adjustment\/","title":{"rendered":"Slower global growth gives BSP more room for key rates adjustment"},"content":{"rendered":"
\"Bangko<\/a>
Bangko Sentral ng Pilipinas (Central Bank of the Philippines). Wikipedia photo<\/figcaption><\/figure>\n

MANILA — A slower global growth may mean more policy settings’ adjustment space for the Bangko Sentral ng Pilipinas.<\/p>\n

BSP Governor Amando M. Tetangco told reporters that the foreseen slowdown in global growth may “help keep global inflation in check” as well as \u00a0it could “lead to a more sustainable growth in the medium to long term.”<\/p>\n

The country’s inflation rate is above the midpoint of the target range and has averaged 4.2 percent as of June.<\/p>\n

The rate is because of the \u00a0increasing food prices brought by the destruction caused by typhoons late last year.<\/p>\n

Since the first quarter, \u00a0BSP has maintained the key rates steady as inflation expectations stayed within the 3.5 percent target.<\/p>\n

On its latest World Economic Outlook update, the International Monetary Fund (IMF) has lowered its forecast for 2014’s global economic expansion to 3.4 percent from 3.6 percent.<\/p>\n

The projection was downgraded following a weak first quarter and less bullish prospects for several emerging markets for the whole year.<\/p>\n

The 2014 Philippine economic growth forecast of 6.5 percent was also lowered to 6.2 percent after a disappointing 5.7 percent expansion during the first quarter.<\/p>\n

\u201cThis could provide us policy space and room to maneuver as we use this period to strengthen our own domestic sources of growth-agriculture and industry, as well as consumption-and build the necessary infrastructure that will create the base for a more solid economic growth trajectory going forward,\u201d Tetangco said.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — A slower global growth may mean more policy settings’ adjustment space for the Bangko Sentral ng Pilipinas. BSP …<\/p>\n","protected":false},"author":44,"featured_media":10675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19,1145,21],"tags":[1215,1217,7007],"class_list":["post-20442","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","category-headline","category-real-estate","tag-bsp","tag-inflation","tag-slow-growth","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/20442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=20442"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/20442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/10675"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=20442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=20442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=20442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}