THE BANGKO SENTRAL ng Pilipinas (BSP) is likely to cut policy rates by 25 basis points (bps) each this month and in August, as inflation settles below the 2-4% target this year, Deutsche Bank said.
“Our base case is for 25-bp rate cuts in the coming June and August meetings,” Deutsche Bank Research Economist Junjie Huang said in a report.
The Monetary Board resumed its rate-cutting cycle in April, reducing the benchmark rate by 25 bps to 5.5%. The central bank has lowered borrowing costs by 100 bps since it started easing in August last year.
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