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Gradual BSP rate cuts likely by Q3
The Philippine Star
|February 18, 2024
The Bangko Sentral ng Pilipinas (BSP) is expected to make gradual interest rate cuts starting in the third quarter of the year, according to global banking giant Citi.
Citi Economist for the Philippines Nalin Chutchotitham said the BSP Monetary Board would likely keep its interest rates unchanged in the first half of the year and may only start cutting rates by the third quarter.
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