THE Bangko Sentral ng Pilipinas (BSP) has room for more rate cuts with two meetings left in the year, analysts said, following the US Federal Reserve's (Fed) decision to lower interest rates by 50 basis points (bps).
The US central bank's cut was expected, but the market was uncertain as to whether it would be 25 or 50 bps. The larger cut put it ahead of the BSP, which last month lowered its policy rate by 25 bps.
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
.