POLL-Philippines c.bank expected to keep rates at record low to support economy [Reuters]
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Source: Reuters
POLL-Philippines c.bank expected to keep rates at record low to support economy By Reuters Staff 3 Min Read * reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=PHCBIR%3DECI BSP policy rate poll data * All 13 economists in Reuters poll see key rate steady at 2.0% * Philippine economy likely contracted for fifth quarter in Q1 * BSP rate decision to be announced on May 13 at 0800 GMT * Philippines to release Q1 GDP data on May 11 at 0200 GMT MANILA, May 10 (Reuters) - The Philippine central bank is expected to keep its benchmark interest rate at a record low on Thursday, after the economy likely contracted for a fifth straight quarter in the January to March period, a Reuters poll showed. All 13 economists surveyed predicted the Bangko Sentral ng Pilipinas (BSP) will keep the rate on its overnight reverse repurchase facility at 2.0% for a fourth straight meeting. The central bank meeting will follow government data on Tuesday that is expected to show gross domestic pro
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