Monetary Policy to Support Growth

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The Bangko Sentral ng Pilipinas (BSP) will continue to adopt a ''supportive'' monetary stance this year to prevent the fragile economy from going into a tailspin as projected by some economists.

BSP Deputy Governor for research and treasury Amando Tetangco Jr. disclosed that domestic liquidity, otherwise known as M3, will be allowed to maintain its 15 percent growth for this year.

This would be similar to the 15 percent expansion assumed by the BSP last year calculated to maximize the economic growth momentum.

However, because of a series of negative events that befell the government last year, there was a slight deceleration in economic activities, …