BSP might not need to wait for Fed easing

Jun 20, 2024 12:35 am

PHILIPPINE monetary authorities could continue signaling a policy easing ahead of the US Federal Reserve (Fed) given improvements in the country's fundamentals, an economist said.

'If these fundamentals continue to improve and we see the Fed Dot plot delaying its first-rate cut, perhaps, to next year, the BSP (Bangko Sentral ng Pilipinas) might not necessarily need to follow suit,' HSBC Global Research economist Aris Dacanay said.

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