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
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