Early cuts 'possible but maybe not likely'

Jan 22, 2024 12:41 am

POLICY rate cuts could start earlier than currently expected but monetary authorities will likely not act given continued inflation risks, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.

'I would say it's possible but maybe not likely,' Remolona told reporters on Saturday, noting that supply disruptions could lead to inflation again breaching the BSP's 2.0- to 4.0-percent target.

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