MANILA – Liquidity infusion by the Bangko Sentral ng Pilipinas (BSP) to the domestic financial system has reached about PHP1.9 trillion to date and this amount is aimed at helping ensure robust economic activities.
In a message to journalists Friday, BSP Governor Benjamin Diokno said the amount that the central bank has injected so far accounts for about 9.6 percent of the economy’s annual output.
“The BSP is working hand-in-hand with the national government to ensure that the coronavirus pandemic will leave little permanent scar on the Philippine economy and its people,” he added.