If realized, this will bring the benchmark interest rate down to 5.5 percent by end 2024 from the current 6.25 percent. This is a level last seen when the BSP hiked rates by 50 basis points to 5.5 percent in December 2022.
"The BSP kicked off its easing cycle with a 25-basispoint cut in August, and we expect the BSP to ease more aggressively over the coming months," BMI said in a report.
The BSP cut interest rates by 25 basis points in its August meeting, bringing the key rate to 6.25 percent from 6.50 percent previously. Prior to the cut, the BSP kept its policy rate unchanged for six straight meetings since November 2023.
هذه القصة مأخوذة من طبعة October 03, 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 October 03, 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
Coron, Siargao airports up next for PPP
The government has started evaluating the offers made by the Udenna and Gokongwei groups to operate the airports in Coron and Siargao, respectively, signaling that more gateways will be transferred to private hands under the Marcos administration.
10 firms gearing up for IPOs next year
Some 10 companies are seen undertaking their initial public offerings (IPO) next year on the back of better market conditions, BDO Capital & Investment Corp.president Eduardo Francisco said.
'Power crisis looms without balanced energy mix”
The country needs a balanced approach toward energy transition, as overdependence on a single power source could lead to a dire energy crisis, according to Aboitiz Power Corp.
Slower-than-expected Sept inflation buoys stocks
The stock market soared to a new high in more than two years as the country's inflation dropped to over four-year low in September.
Inflation slows to 1.9% in Sept
Inflation eased further in September to its lowest level in more than four years, driven by the slower increase in food prices, according to the Philippine Statistics Authority (PSA).
CONVERGE FORCES GAME 5
Fired up by its 114-112 steal in Game 3, Converge sprang another ambush on mighty San Miguel Beer.
Gov't eyes $25-B investment to boost energy sector
The country aims to unlock up to $25 billion in investments from a coalition of global investors as the government rallies to secure the entire funding to power the energy sector.
Arellano stuns CSB, boosts hopes
Arellano University added another big fish to its growing NCAA Season 100 catch after it shocked leader St.
Phl Xls set friendlies
The Philippine men's and women's football teams are gearing up for testy battles overseas as part of their respective preparations for major competitions down the road.
Regional bets dominate PGT match play
Regional players turned in commanding performances in the ICTSI Junior PGT National Match Play Finals, capturing six of the eight titles disputed at The Country Club here on Friday.
