Banks Seen Keeping Policy Support on Growth Risk: Southeast Asia
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The Philippines and Indonesia will probably refrain from monetary tightening to protect their economies from a regional growth slowdown that’s sparked capital outflows and driven down stocks and currencies.
Bangko Sentral ng Pilipinas may lower the rate on its special deposit accounts for a fourth time on June 13, while keeping the benchmark overnight rate at 3.5 percent, according to a Bloomberg News survey. Bank Indonesia Governor Agus Martowardojo, who presides over his first policy meeting the same day, will hold the reference rate at 5.75 percent, according to all 19 economists surveyed by Bloomberg.