SINGAPORE-BASED DBS Bank, Ltd. expects the Monetary Board to maintain banks' reserve requirement ratio at 21% at its meeting this week.
It said the Bangko Sentral ng Pilipinas (BSP) will do this, aside from hold its key rates in order to facilitate growth, which slowed to 3.4% in the second quarter.
"Barring a large upward surprise in inflation number, the BSP is likely to leave the overnight borrowing rate unchanged at 4.5% on Thursday," DBS Bank said in a research note on Monday. Full story
