Read this in The Manila Times digital edition.
DESPITE continued hawkishness, monetary authorities will likely keep interest rates unchanged well into next year before embarking on rate cuts, analysts said.
"In the first half of 2024, we expect limited action from the BSP (Bangko Sentral ng Pilipinas) in terms of monetary policy changes as we enter an economic sweet spot of declining inflation, healthy labor market, and modest growth prospects," China Banking Corp. chief economist Domini Velasquez said.
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