Philippine Central Bank Inclined to Cut by 50 BPS: Governor

Governor Ben discusses the upcoming monetary policy meeting, considering a 50 basis point cut due to global monetary easing. He highlights the central bank's monetary space and the need for coordinated fiscal measures. The lockdown's impact on the banking sector is addressed, with concerns about currency trading. Economic growth is expected to slow, but a 6% target remains realistic. The government is focusing on mitigating the shutdown's impact, with the Philippines being less affected due to its economic structure. Governor Ben is in self-quarantine, awaiting test results but feeling well.

What was the initial plan for the interest rate cut before considering a 50 basis point reduction?

• 25 basis points

• 75 basis points

• 10 basis points

• 100 basis points

How much did the central bank raise the policy rate in 2018?

• 175 basis points

• 200 basis points

• 100 basis points

• 50 basis points

What is the current debt-to-GDP ratio mentioned by the governor?

• 40%

• 60%

• 30%

• 50%

What was the primary concern for the government in limiting the movement of people?

• To reduce traffic congestion

• To delay the spread of the virus

• To improve public transportation

• To increase tourism

What is the realistic economic growth target set by the government amidst the crisis?

• 7%

• 4%

• 5%

• 6%

What characteristic of the Philippines makes it less affected by the global supply chain disruptions?

• Low export orientation

• High export orientation

• Low import dependency

• High import dependency

What precautionary measure did Governor Ben take during the COVID-19 crisis?

• He traveled abroad

• He increased public appearances

• He self-quarantined

• He attended public events