Jumbo BSP rate cut: Only 15% likely – Nomura

There’s only a 15-percent chance that the Bangko Sentral ng Pilipinas (BSP) would resort to a forceful half-point rate cut at its hotly anticipated policy meeting on Wednesday, Nomura Global Markets Research said, citing the need for a “calibrated” shift to easier monetary setting. In a commentary, the Japanese investment bank instead assigned an 80-percent
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