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BSP unlikely to cut rates ahead of US Fed, says Nomura

By Inquirer - 6 months ago
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) would unlikely cut rates ahead of the US Federal Reserve despite “improving” inflation outlook at home, according to a report by Nomura, which stressed the need to remain supportive of the peso to avoid stoking imported inflation. The insights of the Japanese investment bank runs counter

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