BSP unlikely to cut interest rates too soon this year, says think tank

MANILA, Philippines  —The Bangko Sentral ng Pilipinas (BSP) would likely keep its tight monetary policy “for longer” as the economy has yet to completely absorb previous interest rate hikes while upside price pressures remain, New York-based think tank GlobalSource Partners said. “We believe that the BSP will maintain a higher interest rate for longer, precisely
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