Analysts still expect BSP to move after Fed

May 20, 2024 12:40 am

PHILIPPINE monetary authorities are unlikely to cut key rates ahead of the US Federal Reserve despite pronouncements to the contrary, analysts said.

Last week, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the Monetary Board could start easing in August, before a widely-expected Fed move in September.

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