BSP likely to deliver another 25-bps cut

Oct 14, 2024 12:18 am

MONETARY authorities will likely order another 25-basis point (bps) rate cut this Wednesday given slowing inflation, analysts polled by The Manila Times said.

Consumer price growth fell to a four-year low of 1.9 percent last month, markedly lower than August's 3.3 percent and beating market expectations. It brought the year-to-date figure to 3.4 percent — well within Bangko Sentral ng Pilipinas' (BSP) 2.0- to 4.0-percent target.

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