Policy change 'not crucial'

Aug 15, 2024 12:35 am

MONETARY authorities will likely be 'more patient' in keeping key interest rates steady, a former Bangko Sentral ng Pilipinas (BSP) official said, amid expectations of a 25-basis point cut today or a possible off-cycle easing.

'We hope the monetary policymakers do not listen to the sirens' song,' former BSP deputy governor Diwa Guinigundo said in a GlobalSource Partners commentary issued on Tuesday.

Former BSP deputy governor Diwa Guinigundo. File Photo

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