BusinessWorld E-paper
March 5, 2024
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely begin its policy easing cycle with a 25 basis point (bp) cut in June, Bank of America (BofA) Global Research said.
In a report dated March 4, it said the BSP is expected to slash policy rates by a total of 100 bps this year, starting with a 25-bp cut in the second quarter. This would be followed by a reduction of 50 bps in the third quarter and 25 bps in the fourth quarter.
