BSP says keeping balance between economic recovery, managing inflation

ABS-CBN News

<p>MANILA - The Bangko Sentral ng Pilipinas on Monday said it remains committed to keeping a balance between supporting the economy and managing inflation. </p><p>In 2021, the BSP kept the benchmark borrowing rate at 2 percent to support economic recovery while saying that the uptick in inflation was &quot;transitory.&quot;</p><p>Inflation averaged at 4.5 percent in 2021 using the 2012 base year but when using 2018 as the base year, <a href="https://news.abs-cbn.com/business/02/04/22/january-inflation-at-3-percent-psa-shifts-to-2018-as-base-year">inflation settled</a> at 3.9 percent or within the 2 to 4 percent target range. </p><p>This year, inflation is projected to settle at 3.4 percent and 3.2 percent in 2023, the BSP said. </p><p>“The BSP remains steadfast in striking a balance between providing adequate stimulus to the economy and preventing build-up of inflationary pressures and risks to price and financial stability,” BSP Governor Benjamin Diokno said. </p><p>“The BSP’s accommodative monetary policy and extraordinary measures ensured adequate liquidity in the financial system that accelerated domestic economic activity amid the pandemic,” he added.</p><p>As of today, the central bank said its liquidity-easing measures in response to the pandemic reached P2.3 trillion or about 12.03 percent of the country&#x27;s gross domestic product (GDP).</p><p>The economy grew 5.6 percent in 2021, slightly overshooting the government target. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/27/22/ph-economy-grows-56-percent-in-2021-beats-forecasts">Philippine economy grows 5.6 percent in 2021, exceeds target</a></li></ul><p>The BSP will hold a monetary policy-setting meeting on Thursday, Feb. 17. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/16/21/bsp-maintains-interest-rate-at-2-percent">Bangko Sentral ng Pilipinas maintains interest rate at 2 pct as economy sits on &#x27;firmer ground&#x27;</a></li>	<li><a href="https://news.abs-cbn.com/business/01/05/21/bsp-to-keep-rates-low-says-inflation-least-of-worries">BSP to keep rates low, says inflation &#x27;least&#x27; of worries</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1662991" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

The Bangko Sentral ng Pilipinas on Monday said it remains committed to keeping a balance between supporting the economy and managing inflation. 

BSP says keeping balance between economic recovery, managing inflation | ABS-CBN

Halalan 2025

Entertainment

News

Metro.Style

Sports

More

Traffic

Horoscope

Business

BSP says keeping balance between economic recovery, managing inflation

BSP says keeping balance between economic recovery, managing inflation

ABS-CBN News

Published Feb 14, 2022 12:35 PM PHT

Read More:

BSP

interest rate

economy

monetary policy

inflation

GIR

dollar

COVID-19

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.