BSP to only cut once this year in Oct

BSP to only cut once this year in Oct – BMI

Jul 02, 2024 12:33 am

THE Bangko Sentral ng Pilipinas (BSP) will likely start lowering interest rates after the US Federal Reserve and not earlier as signaled given the peso's weakness, a Fitch Group unit said.

'We still think that the bank's (BSP) next move will be a cut, and it will materialize only when the Fed embarks on policy easing of its own,' BMI Country Risk & Industry Research said in a June 28 report that was released on Monday.

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