BusinessWorld E-paper
January 24, 2024
THE BANGKO SENTRAL ng Pilipinas (BSP) is unlikely to cut borrowing costs at its meeting next month, as rates need to be sufficiently tight amid evolving risks to inflation, its governor said late Monday.
In a gathering with newspaper editors, BSP Governor Eli M. Remolona, Jr. said a rate cut is unlikely on Feb. 15, the Monetary Board’s first policy review this year, noting the risk-adjusted inflation forecast in 2024 is still above the 2-4% target.
