Manila, Feb. 14 -- asis-point reduction in the Bangko Sentral ng Pilipinas' (BSP) key policy rates is enough for this year so far vis-a-vis the projected impact of the coronavirus disease 2019 (Covid-19), BSP Governor Benjamin Diokno said Friday.
In a press briefing, Diokno said that based on their assessment, the virus would have limited impact on this year's domestic expansion at an average of 0.3 percent.
He cited his earlier statement on the plan to slash the central bank's key policy rates by 50 basis points this year.
Last February 6, the policy-making Monetary Board reduced the BSP's key rates by 25 basis points, the first for the year, as inflation is forecast to remain within target and domestic growth remains firm.
The rate of...