Rate cut more likely as inflation drops

Jul 06, 2024 12:26 am

LOWER-THAN-EXPECTED June inflation has raised the likelihood of the Bangko Sentral ng Pilipinas (BSP) cutting key interest rates next month, analysts said.

Consumer price growth slowed to 3.7 percent in June, easing from May's 3.9 percent and below the 3.9 percent median in a Manila Times poll of economists. It ended a four-month rise and bucked earlier expectations of a second-quarter breach of the central bank's 2.0- to 4.0-percent target.

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

Car sales hit new record high

Trump return threatens resurgence of trade wars

BSP seen intervening 'more actively'

Peso up; PSEi falls to 6,200 territory

Asian stocks mixed; US inflation awaited

PEZA planning to send investment mission to UK

Farmers' group wants rice tarriff back at 35%