BusinessWorld E-paper
June 26, 2024
THERE IS NO ROOM for the Bangko Sentral ng Pilipinas (BSP) to cut rates this year as inflation may still potentially breach the target, ANZ Research said.
“Rate cuts in Indonesia and the Philippines are also not on the table this year… In the Philippines, inflation though receding, is still running close to the upper bound of the official target range of 2-4%,” it said in its quarterly report.
