BoB, gov't free billions into economy

At its next Monetary Policy Committee on April 30, 2020 the central bank is also expected to significantly lower interest rates to ease access to capital for the local economy.

This week, details of government’s response to the economic impact of the coronavirus grew clearer. The response is based on government directly putting more than P2 billion into the economy, as well as unleashing a range of policy measures, including tweaks to fiscal and monetary policy.