The central bank said that it would gradually moderate the degree of its
accommodative monetary policy, driving analysts to predict that the bank may hike its key interest rate this year.
stocks after Federal Reserve Chairman Ben Bernanke indicated Wednesday that the central bank would maintain its
accommodative monetary policy.
stocks after Federal Reserve Chairman Ben Bernanke suggested the central bank will maintain its
accommodative monetary policy.
The projected increase, he said, included conducive financial conditions as indicated by
accommodative monetary policy and sound financial environment that facilitated policy transmission, intermediation and risk mitigation.
"While more
accommodative monetary policy conditions may give a boost to business activity, continued low oil prices and political tensions within the region may limit the improvement in business confidence," said Boban Markovic, senior research analyst at the IIF.
"The precious metal, though easing up on bullish gains from US dollar vigour, will remain supported over subdued global growth and
accommodative monetary policy by global central banks," Phillip Futures analyst Benjamin Lu said.
"We will maintain an
accommodative monetary policy stance while closely monitoring the effect of any rate cut and possible economic recovery."
"Prospects for
accommodative monetary policy kept sentiment buoyant during the week, pushing the Philippine Stock Exchange index 128 points up at 8,270.
"Private assets, such as real estate, private equity and infrastructure, have also surged to near record levels, aided by the widespread availability of lowCaecost funding stemming from years of
accommodative monetary policy," Hamed bin Zayed Al Nahyan, Managing Director, ADIA said.
Sitharaman said
accommodative monetary policy is required to help cut real lending rates as investment rate seems to have bottomed out.
At the meeting in the city of Fukuoka, the G20 major economies are expected to acknowledge the downside risks the world economy continues to face from trade disputes between leading economies, calling for
accommodative monetary policy, Kyodo News reported, citing a draft communique it obtained.
According to him, these will rub off positively on economic recovery efforts especially now that the CBN under Emefiele has signaled an
accommodative monetary policy stance.
He warned that
accommodative monetary policy aimed at boosting short-term inflationary pressure could boomerang in case of excessive financial imbalances.
Diokno, who was recently named by President Duterte as the new Bangko Sentral ng Pilipinas chief, is seen to be biased for an
accommodative monetary policy.
