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  1. Join Date
    Nov 2005
    Posts
    34,875
    #3271
    need FISCAL policy coz MONETARY policy has limits

    keep in mind hindi lang rate cuts and ginawa ng BSP

    nag cut din ng RRR -- the amount of reserves banks are required to hold

    that allows banks to lend out more money

    but the problem is if there's no demand for loans kahit available ung pera... wala

  2. Join Date
    Sep 2003
    Posts
    21,876
    #3272
    Jollibee got the Tim Ho Wan franchise to open in China...

    Jollibee group opens first Tim Ho Wan in mainland China | ABS-CBN News

  3. Join Date
    Oct 2012
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    3,694
    #3273
    Quote Originally Posted by uls View Post
    nag cut din ng RRR -- the amount of reserves banks are required to hold

    that allows banks to lend out more money

    but the problem is if there's no demand for loans kahit available ung pera... wala
    Ito din yung concerni ni bruh boybi... how can sme barrow the loans available sa bank due to RRR cut if the interest remain the same pre covid... alam nila kikita sila pero not enough to cover sa current interest ng bank...


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  4. Join Date
    Jul 2008
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    5,993
    #3274
    Quote Originally Posted by uls View Post
    need FISCAL policy coz MONETARY policy has limits

    keep in mind hindi lang rate cuts and ginawa ng BSP

    nag cut din ng RRR -- the amount of reserves banks are required to hold

    that allows banks to lend out more money

    but the problem is if there's no demand for loans kahit available ung pera... wala
    Banks should pass the lower rates to borrowers. Aside from that there's no going around the effect of the pandemic. Some MNCs I know are already posting similar levels of sales year on year in our region. That's despite Ph sales being down by as much as 48%. Nahila lang ng ibang Asian countries na maayos yung pandemic response.

    Cash dole outs can only go so far. Pag nagastos na wala nang repeat spending. Di naman makakagawa ng trabaho yun.

    Handle the pandemic better and the economy will follow. No way around it.
    Last edited by Wh1stl3r; September 29th, 2020 at 03:52 PM.

  5. Join Date
    Nov 2005
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    34,875
    #3275
    ^^^

    can't force banks to lend in a high risk environment

    di lang dito... ganyan talaga nangyayari during an economic crisis

    US, Europe, Japan...

    mas mababa pa interest rate nila sa atin pero same complaint -- banks aren't lending coz of lack of creditworthy borrowers

  6. Join Date
    Oct 2002
    Posts
    19,525
    #3276
    Quote Originally Posted by uls View Post
    ^^^

    can't force banks to lend in a high risk environment

    di lang dito... ganyan talaga nangyayari during an economic crisis

    US, Europe, Japan...

    mas mababa pa interest rate nila sa atin pero same complaint -- banks aren't lending coz of lack of creditworthy borrowers
    So the effect of BSP lowering the rates is for the banks to have a better profit. Not to sustain the economy.
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  7. Join Date
    Nov 2005
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    34,875
    #3277
    Quote Originally Posted by Wh1stl3r View Post
    Banks should pass the lower rates to lenders.
    you mean borrowers

    Cash dole outs can only go so far. Pag nagastos na wala nang repeat spending. Di naman makakagawa ng trabaho yun.
    you need to create demand and demand isn't gonna come from the monetary side

    private sector demand is weak so gov't has to step in

    gov't has to be the demand

    that's Keynesian economics


  8. Join Date
    Nov 2005
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    34,875
    #3278
    Quote Originally Posted by boybi View Post
    So the effect of BSP lowering the rates is for the banks to have a better profit. Not to sustain the economy.
    in theory it's suppose to

    in theory lower rates should encourage borrowing

    but the real world doesn't always work according to theory

    this is Japan

    Their central bank has maintained ultra low rates for more than 20 years and they still can't create inflation*



    *you create inflation when you have healthy credit creation

  9. Join Date
    Nov 2005
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    #3279
    it's also happening in the Europe

    the ECB cut rates during the 2012 debt crisis and has maintained ultra-low since

    they still couldn't get inflation


  10. Join Date
    Jul 2008
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    5,993
    #3280
    Quote Originally Posted by uls View Post
    you mean borrowers



    you need to create demand and demand isn't gonna come from the monetary side

    private sector demand is weak so gov't has to step in

    gov't has to be the demand

    that's Keynesian economics

    Yup I meant borrowers. Corrected it.

    Re: dole outs IDK. Even if only a tiny bit gets lost to corruption and most of the money makes it to the people, how far do you think that will go into helping the economy? To me it seems like throwing good money after bad. How much in terms of returns are you gonna get? Businesses aren't gonna open and hire workers just because of some dole outs.

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Philippine Economy Talk