If realized, this would bring down the country’s benchmark interest rate to 5.25 percent this year and four percent next year.
Nomura chief economist Sonal Varma and Asian economist Si Ying Toh said the research firm’s modified Taylor rule (MTR) showed that the Philippines has the potential for larger than-expected rate cuts in the next two years compared to its baseline forecasts.
“The MTR suggests policy easing should begin in the third quarter of 2024, with 250 basis points of cumulative cuts to a terminal rate of four percent by 2025,” Varma and Toh said.
هذه القصة مأخوذة من طبعة July 15, 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 15, 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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