Fitch think tank sees 50-bp BSP rate cut in October

The Bangko Sentral ng Pilipinas (BSP) has room to “aggressively” ease monetary policy amid growing concerns about the economy’s health, BMI Research said, while penciling in a jumbo rate cut at the October meeting of the Monetary Board (MB). In a commentary sent to reporters on Wednesday, BMI projected a 100-basis point (bp) cumulative reduction
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