Moody’s Analytics noted that the Bangko Sentral ng Pilipinas last week cut the policy rate by 25 basis points to 3.75 percent “to shore up domestic demand amid the coronavirus and the Taal Volcano eruption in January, which damaged some agriculture and temporarily disrupted some factories.”
In Hong Kong, the 2019-nCoV was also expected to have spillover impact on consumption and travel, Moody’s Analytics said. “Subject to the approval of its board of directors, AIIB stands ready to support China through public health infrastructure loans to meet the government’s immediate and longer-term public health needs,” the Beijing-based multilateral lender said in a statement.
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