By Luisa Maria Jacinta C. Jocson, Reporter
THE Philippine central bank would cut its key rate as early as the fourth quarter despite the peso’s slide to a 17-month low, according to Governor Eli M. Remolona, Jr.
The Monetary Board might still cut policy rates in the fourth quarter, he told a news briefing on Wednesday. “If things are worse than we think, that might be postponed to the first quarter of 2025.”
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