Time to trust the Monetary Board to do the right thing again

Business is abuzz again with speculation over whether the Philippines would raise interest rates or not. Analysts are guessing whether the Bangko Sentral ng Pilipinas (BSP) would align itself this time with the expected US Federal Reserve move to raise policy interest rates or keep its own monetary rhythm steady.

Today, Thursday, the Monetary Board headed by the BSP governor is scheduled to meet to decide on its next policy move – basically checking if its inflation assessment remains sound and its guiding interest rate continues to be appropriately responsive.