We will deploy appropriate measures as needed to ensure sustainable, non-inflationary, and inclusive economic growth. I know that many of you are aching to find out, “when is the BSP going to raise its policy rates?” No one has a crystal ball, even Nostradamus missed. Instead of giving you a day and date, let me give you principles. 1.
The BSP is focused on inflation. 2. We will not hesitate to act pre-emptively if we believe the inflation target is at risk. 3. We are not wedded to a pre-set course of action. We will use available tools in our enhanced tool kit, as appropriate…. Now does that answer the burning question in your mind? A second issue is the Fed taper.