BusinessWorld E-paper
February 19, 2024
THE PHILIPPINE central bank should cut borrowing costs at an off-cycle meeting before April to support consumer spending and investments, an economist said at the weekend, but others said any rate cuts before the US Federal Reserve starts its own easing could hurt the peso.
The Bangko Sentral ng Pilipinas (BSP) should have started cutting interest rates by 25 basis points (bps) last week to ease the effect of tight policy on consumption and investment, Enrico P. Villanueva, a senior economics lecturer at the University of the Philippines Los Baños, said.
