BSP poised to cut rates by at least 50 bps this year – ING economist

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3 months ago

The Bangko Sentral ng Pilipinas (BSP) will likely cut its benchmark rates by around 50 to 75 basis points this year starting October, in step with the expected move of the US Federal Reserve. Rob Carnell, ING Bank regional head of research for Asia-Pacific, said this was a possible scenario, noting as well that inflation

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