BREAKING: Bangko Sentral maintains key interest rate at 2%. | @meltlopez

BSP Governor Benjamin Diokno: The inflation environment remains benign. Latest trends show an increase in food prices, but this is transitory.
BSP: A resurgence of COVID-19 cases globally tempered economic activity. Optimism on vaccines has lifted market confidence, improved prospects for global growth.
BSP: further easing of quarantine measures should facilitate economic recovery in PH in the next few months.
BSP: Accommodative policy rates together with fiscal support will quicken PH recovery.
BSP's new inflation forecasts:
2020: 2.6% (from 2.4%)
2021: 3.2% (from 2.7%)
2022: 2.9%
BSP: The higher estimates are due to global oil prices, rising food costs.
BSP: The outlook can be described as continuing to be benign.
Will BSP scale down regulatory relief given low takeup of loans? Deputy Governor Francis Dakila: There are green shoots that we are seeing that show increasing demand.
BSP on regulatory relief measures for bank: As the recovery remain tentative, domestic demand's trajectory remains on the downside. Given this, this emphasizes the need for continued policy support from the BSP.
BSP says such policy support shall continue to be in place until economic recovery comes underway.
BSP: The decision to withdraw monetary policy support will be considered 'very carefully'.
BSP: While monetary policy can be most effective in the crisis's first phase, gov't spending and structural measures have a much greater role in ensuring sustainable recovery, restoring the economy's potential growth output.
BSP: It can be emphasized that liquidity remains ample.
BSP on banks' reserve requirements: Any action will be data-dependent.
BSP: We have been looking at indicators of financial market activity, and market liquidity remains ample.
BSP: Liquidity-easing measures have so far released P1.9T to the financial system. That's almost 10% of the country's GDP. https://t.co/4w2ggBwlgF
BSP: We believe our policy actions are appropriate to underpin increased credit activity but uncertainty surrounding the pandemic has limited usual transmission of policy.
BSP: While financial market confidence remains fragile, business and consumer confidence is rising as COVID-19 vaccines are being delivered globally.

The Philippines still does not have vaccines ready for inoculation 9 months into local quarantine.
BSP: The uptick in inflation could probably be felt until the first half of 2021. Going further, we expect inflation to temper.
BSP: The inflation trajectory indicates a temporary shock.

Food prices, especially for vegetables, have been rising in recent weeks.
BSP: The key difference in today's episode is it's taking place when demand is muted, key structural reforms are already in place like liberalization of rice imports.
BSP: We would welcome greater circulation of liquidity in the economy, away from deposits in the various instruments of the BSP.

More from News

.@louiscasiano from @FoxNews reached out to ask if we are actually planning on contaminating the hotel rooms of Proud Boys with bedbugs. The short answer is no, we don't even know if that's possible. But here's our full response.


That post was clearly satire. We have no idea how one would actually go about the activity that was suggested.

What is not satire are the numerous death threats that were sent to us by Trump supporters in the lead up to the November election.

Here are a few tweets depicting detailed and credible death threats that you didn’t ask for comment on:
https://t.co/UiI12M0Aey.
https://t.co/PPe75XWImX
https://t.co/4Ia8659wK8
https://t.co/n5ov6R8Gyh


Each of those tweets includes the email address of the sender. We wish you luck in reaching out to them for comment.

Further, the hate crimes committed by the Proud Boys during their last visit to DC were not satire. A marauding band of drunk white nationalists stormed through our city, tearing down and burning religious symbols declaring respect for Black lives.

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**Thread on Bravery of Sikhs**
(I am forced to do this due to continuous hounding of Sikh Extremists since yesterday)

Rani Jindan Kaur, wife of Maharaja Ranjit Singh had illegitimate relations with Lal Singh (PM of Ranjit Singh). Along with Lal Singh, she attacked Jammu, burnt - https://t.co/EfjAq59AyI


Hindu villages of Jasrota, caused rebellion in Jammu, attacked Kishtwar.

Ancestors of Raja Ranjit Singh, The Sansi Tribe used to give daughters as concubines to Jahangir.


The Ludhiana Political Agency (Later NW Fronties Prov) was formed by less than 4000 British soldiers who advanced from Delhi and reached Ludhiana, receiving submissions of all sikh chiefs along the way. The submission of the troops of Raja of Lahore (Ranjit Singh) at Ambala.

Dabistan a contemporary book on Sikh History tells us that Guru Hargobind broke Naina devi Idol Same source describes Guru Hargobind serving a eunuch
YarKhan. (ref was proudly shared by a sikh on twitter)
Gobind Singh followed Bahadur Shah to Deccan to fight for him.


In Zafarnama, Guru Gobind Singh states that the reason he was in conflict with the Hill Rajas was that while they were worshiping idols, while he was an idol-breaker.

And idiot Hindus place him along Maharana, Prithviraj and Shivaji as saviours of Dharma.
दधीचि ऋषि को मनाही थी कि वह अश्विनी कुमारों को किसी भी अवस्था में ब्रह्मविद्या का उपदेश नहीं दें। ये आदेश देवराज इन्द्र का था।वह नहीं चाहते थे कि उनके सिंहासन को प्रत्यक्ष या परोक्ष रुप से कोई भी खतरा हो।मगर जब अश्विनी कुमारों ने सहृदय प्रार्थना की तो महर्षि सहर्ष मान गए।


और उन्होनें ब्रह्मविद्या का ज्ञान अश्विनि कुमारों को दे दिया। गुप्तचरों के माध्यम से जब खबर इन्द्रदेव तक पहुंची तो वे क्रोध में खड़ग ले कर गए और महर्षि दधीचि का सर धड़ से अलग कर दिया।मगर अश्विनी कुमार भी कहां चुप बैठने वाले थे।उन्होने तुरंत एक अश्व का सिर महर्षि के धड़ पे...


...प्रत्यारोपित कर उन्हें जीवित रख लिया।उस दिन के पश्चात महर्षि दधीचि अश्वशिरा भी कहलाए जाने लगे।अब आगे सुनिये की किस प्रकार महर्षि दधीचि का सर काटने वाले इन्द्र कैसे अपनी रक्षा हेतु उनके आगे गिड़गिड़ाए ।

एक बार देवराज इन्द्र अपनी सभा में बैठे थे, तो उन्हे खुद पर अभिमान हो आया।


वे सोचने लगे कि हम तीनों लोकों के स्वामी हैं। ब्राह्मण हमें यज्ञ में आहुति देते हैं और हमारी उपासना करते हैं। फिर हम सामान्य ब्राह्मण बृहस्पति से क्यों डरते हैं ?उनके आने पर क्यों खड़े हो जाते हैं?वे तो हमारी जीविका से पलते हैं। देवर्षि बृहस्पति देवताओं के गुरु थे।

अभिमान के कारण ऋषि बृहस्पति के पधारने पर न तो इन्द्र ही खड़े हुए और न ही अन्य देवों को खड़े होने दिया।देवगुरु बृहस्पति इन्द्र का ये कठोर दुर्व्यवहार देख कर चुप चाप वहां से लौट गए।कुछ देर पश्चात जब देवराज का मद उतरा तो उन्हे अपनी गलती का एहसास हुआ।