THE LATEST September inflation print and improving outlook will give the Bangko Sentral ng Pilipinas (BSP) more than enough room to cut benchmark rates further, analysts said.
“With an even better inflation outlook on the horizon, the risk of the BSP cutting its policy rate again twice this year is largely increasing,” HSBC economist for ASEAN (Association of Southeast Asian Nations) Aris D. Dacanay said in a report.
The consumer price index (CPI) sharply slowed to 1.9% in September from 3.3% in August. September marked the first time in over four years that inflation was below 2%.
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