BSP to stay put on monetary policy following Haiyan

typhoon-philippines
Damage caused by Typhoon Haiyan

The Philippine central bank, the Bangko Sentral ng Pilipinas (BSP), is expected to maintain an accommodative monetary policy stance to nurture the economy back to health following typhoon Haiyan, despite expected spikes in inflation due to bottlenecks in the supply of essential goods.

Typhoon Haiyan was among the worst storms in history and hit the central and eastern regions of the Philippines earlier this month. Although the human cost of the calamity has continued to rise as relief efforts

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