ADB: Bangko Sentral to start cutting in H2

Jul 22, 2024 12:28 am

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.

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