Bangko Sentral chief says Q3 rate cut remains on the table

By Reuters

Jun 12, 2024 12:57 am

BENGALURU, India — The Philippine central bank is sticking with its view that interest rates could be lowered as early as August despite an uptick in inflation last month, saying it was happy with where consumer prices were going.

Speaking in the Reuters Global Markets Forum, Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. said there was a chance the central bank could ease monetary policy in the third quarter (Q3), but it would remain data-dependent.

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