THE BANGKO SENTRAL ng Pilipinas (BSP) could cut rates next month, its top official said, noting the possibility of up to 75 basis points (bps) worth of easing for the entire year if economic output weakens further.
“We’ve been on an easing cycle for a while now. We just took a pause,” BSP Governor Eli M. Remolona, Jr. told Bloomberg in a televised interview with Haslinda Amin on Wednesday.
He said there was a higher likelihood that the Monetary Board will deliver a rate cut at its policy review on April 10, especially if inflation turns out better than expected.
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