Ladies and gentlemen, we continue to achieve high correlation because you provide us accurate, comprehensive and timely survey inputs. Thank you! As a result, the Bangko Sentral’s policy decisions continue to provide the stability that preserves the public’s purchasing power and creates a planning environment conducive to strong and sustainable growth.
With BSP’s policy rates now at record low levels, average interest rates charged by banks to their customers have also dropped to single digit levels. This has benefitted consumers in terms of access to more affordable credit while business is able to expand and create new jobs with lower financing costs.