BusinessWorld E-paper
May 10, 2024
THE BANGKO SENTRAL ng Pilipinas (BSP) might still cut interest rates as early as June amid weaker-than-expected economic growth and as inflation comes within target, Pantheon Macroeconomics said.
“Our call for a June cut is grounded on the assumption that first-quarter gross domestic product will fall short of expectations, enough to override any potential BSP fears over a likely — albeit temporary — breach of its consumer price index (CPI) target range in May,” it said in a report.
