Room for early BSP cut 'limited'

Jun 14, 2024 12:35 am

THE Bangko Sentral ng Pilipinas (BSP) will likely have little choice but to only start cutting interest rates after the US Federal Reserve (Fed), analysts said, given the likelihood of a further weakening of the peso.

'With no dovish signals by the Fed, we think the space for the BSP to cut as early as August without leading to much volatility in the peso is limited,' HSBC Global Research economist Aris Dacanay said on Thursday.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Peso seen hitting P59:$1

Topline IPO postponed to Q1 2025

Citi trims PH growth forecast

DA: Rice production to fall below estimate

Higher climate funding sought by PH at COP29

Seized smuggled vapes hit P5.07B as of October

Developers shift focus from NCR