UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assess the stance of the BSP for the current year. Key Quotes “An expected uptrend in inflation and a positive growth outlook painted by the central bank in the Dec 2020 monetary policy statement have raised the odds of an extended rate pause this year. The persistence of negative real interest rates and narrowing interest rate differentials with other central banks may also be on the radar of BSP before making any policy rate decision in the near term. Hence, we expect BSP to keep the overnight reverse repurchase rate unchanged at 2.00% until end-2021. The next Monetary Board meeting is scheduled on 11 Feb.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD closes in on key Fibo resistance near $1,870 FX Street 1 year UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assess the stance of the BSP for the current year. Key Quotes “An expected uptrend in inflation and a positive growth outlook painted by the central bank in the Dec 2020 monetary policy statement have raised the odds of an extended rate pause this year. The persistence of negative real interest rates and narrowing interest rate differentials with other central banks may also be on the radar of BSP before making any policy rate decision in the near term. Hence, we expect BSP to keep the overnight reverse repurchase… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
