ANZ sees no room for rate cuts this year

Jun 26, 2024 12:46 am

PHILIPPINE monetary authorities will hold off from lowering interest rates this year, the research unit of a multinational bank said, with inflation likely to remain near the upper end of the target range.

'In the Philippines, inflation, though receding, is still running close to the upper bound of the official target range of 2-4 percent,' ANZ Research said in a report on Tuesday.

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