BSP could cut by another 50 bps this year — Nomura

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THE BANGKO SENTRAL ng Pilipinas (BSP) could cut by another 50 basis points (bps) this year, which would bring the benchmark to below 5% by yearend, Nomura Global Markets Research said. “We continue to believe BSP has scope to steadily shift to an accommodative stance, as inflation expectations remain well-anchored and domestic demand is still […]

THE BANGKO SENTRAL ng Pilipinas (BSP) could cut by another 50 basis points (bps) this year, which would bring the benchmark to below 5% by yearend, Nomura Global Markets Research said. “We continue to believe BSP has scope to steadily shift to an accommodative stance, as inflation expectations remain well-anchored and domestic demand is still […]