THE Bangko Sentral ng Pilipinas (BSP) has “greater motivation” to reduce borrowing costs further, analysts said, with expectations of up to 50 basis points (bps) worth of rate cuts this year.
“As we look at our gross domestic product (GDP) figures and inflation rates, we can see that there’s more of a greater motivation for the central bank to actually cut rates now,” Regina Capital Development Corp. Equity Analyst Alexandra G. Yatco said on Money Talks with Cathy Yang on One News.
In a report, Bank of America (BofA) Global Research said it expects a total of 50 bps worth of easing this year.
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