Rate cuts could spur PH growth

May 25, 2024 12:45 am

THE Bangko Sentral ng Pilipinas' (BSP) bid to lower interest rates ahead of the US Federal Reserve (Fed) could help spur economic growth, an analyst said.

The central bank's tempering of its hawkish tone, ING Bank Manila senior economist Nicholas Antonio Mapa said, appears to be driven by an assessment that growth could be slowing faster than expected and that inflation may not be as problematic as initially seen.

Bangko Sentral ng Pilipinas

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