Philippine Central Bank Leaves Rate at Record Low

The video discusses the Monetary Board's decision to keep interest rates steady, based on a manageable inflation outlook. It addresses potential pressures from the Fed's rate hikes and the BSP's readiness to respond. The impact of tax reforms on inflation forecasts is also covered, with adjustments made for 2017 and 2018. Finally, the video touches on the upcoming leadership transition at the BSP, with the deputy governor expressing readiness to take on new challenges.

What is the primary reason the Monetary Board decided to keep interest rates steady?

• The stock market is booming.

• There is a global financial crisis.

• The economy is in recession.

• The inflation outlook is manageable.

How does the BSP plan to respond to potential rate hikes by the Federal Reserve?

• By ignoring the changes.

• By reducing government spending.

• By acting quickly based on data.

• By increasing taxes.

What factors are considered in the BSP's inflation forecasts?

• Potential tax changes.

• Only past inflation rates.

• Stock market trends.

• Global oil prices only.

What is the expected inflation rate adjustment for 2017 according to the BSP?

• From 3.3% to 3.5%

• From 2.5% to 3.0%

• From 4.0% to 4.5%

• From 3.0% to 3.2%

What is the deputy governor's stance on taking the governor position if offered?

• He is not interested.

• He would accept the offer.

• He prefers to stay in his current role.

• He has not decided yet.