Analysts say August rate cuts will be 'too early'

Jun 29, 2024 12:37 am

CUTTING key interest rates in August will be too soon, and the Bangko Sentral ng Pilipinas (BSP) should wait until inflation slows even further or the US Federal Reserve (Fed) starts easing, analysts said.

They warned of the potential impact on the peso and said that monetary policy should remain tight until the country's fundamentals further improve.

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