50-bps cut possible but 25 will be norm

By Reuters

Oct 01, 2024 12:39 am

THE Bangko Sentral ng Pilipinas (BSP) has scope to do a 50-basis-point rate cut in one policy meeting, but such a big reduction would only happen if there are worries about a hard landing, its governor said on Monday.

A 25-bps rate cut will be the norm if there is no risk of a hard landing, BSP Governor Eli Remolona told reporters at a banking event.

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. Photo from BSP

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