HSBC: Policy rate cuts unlikely at BSP meeting

Jun 18, 2019 12:16 am

THE country’s monetary authorities are likely to pause on reducing interest rates at their upcoming meeting on Thursday, according to HSBC.

In a recent report, the banking giant’s Global Economic Team said it expected “the Bangko Sentral ng Pilipinas (BSP) to keep its policy rate steady at 4.50 percent on June 20.”

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