In a report, Metrobank’s Research and Market Strategy Department said the lower-than-expected June inflation supports the Bangko Sentral ng Pilipinas (BSP)’s shift to a more dovish tone, increasing the chance of a rate cut on Aug. 15.
“But despite the lower inflation path, we continue to believe the BSP will hold off on cutting policy rates until its Oct. 17 meeting with a 25-basis-point cut, followed by another 25-basis-point cut on Dec. 19, to support the peso,” it said.
If realized, this would bring the BSP’s benchmark interest rate down to six percent from the current 6.5 percent level. The Monetary Board has kept borrowing costs unchanged since it last hiked rates in October 2023.
هذه القصة مأخوذة من طبعة July 06, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 06, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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