Policy easing likely in Q4, says Recto

The Bangko Sentral ng Pilipinas BSP) is expected to keep rates unchanged today, but rate cuts may happen only toward the end of the year.

- LOUISE MAUREEN SIMEON

Finance Secretary and Monetary Board member Ralph Recto is in line with the consensus that the BSP will keep key interest rates steady for the fifth straight meeting today.

"We will take a look at the data. But so far, the way I see it, it will be steady," Recto told reporters on the sidelines of the Development Budget Coordination Committee legacy book launch late Tuesday afternoon.

The finance chief said the peso's recent performance is also a factor behind rates staying the same for now.