‘Domestic demand remains buoyant’

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) said domestic demand conditions continue to be buoyant as the latest indicators point to firm growth prospects over the policy horizon, but warned of continued volatility in global financial markets.

“The Monetary Board observed that domestic demand conditions continue to be buoyant, supported by solid private household and capital spending, positive business sentiment, and adequate credit and domestic liquidity,” according to the highlights of its March 23 monetary policy meeting, released on Thursday.