Rate cut still on the table even with an above-target July inflation

There’s still a chance that inflation would breach the Bangko Sentral ng Pilipinas’ (BSP) 2-percent to 4-percent target range in July, although such a flare-up would unlikely shake expectations of a rate cut in August, according to Governor Eli Remolona Jr. The BSP chief said a July breach of the inflation target was already taken
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