MORE Filipinos could benefit from the monetary policy stance of the Bangko Sentral ng Pilipinas (BSP) if there are more incentives to invest in the capital market, according to a regional think tank.
MORE Filipinos could benefit from the monetary policy stance of the Bangko Sentral ng Pilipinas if there are more incentives to invest in the capital market, according to a regional think tank.
“The government may consider granting tax incentives for investment in the capital market,” Pongsaparn told BusinessMirror. “These efforts will not only improve policy rate transmission but also help households utilize their savings more efficiently.” Apart from strengthening the passthrough from the policy rate to bank financing, Pongsaparn told BusinessMirror there is an overall need to improve the quality of household credit data.
“The BSP and CIC should work together to improve the accuracy and completeness of credit data and make them available to both bank and non-bank lenders,” she added.
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