BSP seen delivering 50 bps cut this month

By The Manila Times

Oct 03, 2024 12:31 am

THE Bangko Sentral ng Pilipinas (BSP) will likely match the US Federal Reserve (Fed) and order a 50-basis-point rate cut later this month, a Fitch Solutions unit said.

The US central bank could reduce its policy rate by a total of 125 basis points (bps) this year, BMI Research said on Tuesday, which would give the BSP added room to ease policy.

Bangko Sentral ng Pilipinas. Photo by J Gerard Seguia

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