BSP: Rate cuts still ahead but pause possible

Nov 20, 2024 12:43 am

CEBU — More interest rate cuts can be expected as the Bangko Sentral ng Pilipinas (BSP) is still in an easing mode, its top official said, but a pause next month cannot be ruled out just yet.

'We're still in the easing cycle ... either we cut in December or we cut in the next meeting, but it will be gradual,' central bank Governor Eli Remolona Jr. told reporters at the sidelines of a forum on systemic risk on Tuesday.

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