INTEREST rate cuts are likely to be ordered before the year ends once inflation is firmly within target, a senior Asian Development Bank (ADB) official said last week.
"The Bangko Sentral ng Pilipinas (BSP) is expected to ease its monetary stance in the second half of this year when inflation stabilizes within its 2.0 to 4.0 percent target range," ADB Country Director Pavit Ramachandran told reporters on Friday.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.