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ANZ: Manageable inflation may prompt BSP to slash rates
The Philippine Star
|December 09, 2024
The Bangko Sentral ng Pilipinas (BSP) may further lower its policy rates this month amid manageable inflation in November and weaker-than-expected economic growth in the third quarter.
In a report, ANZ Research said the central bank could cut its key rate by 25 basis points to 5.75 percent at its Dec. 19 policy meeting, following the release of November inflation data.
"Overall, the inflationary pressures were not broad-based and the near-term outlook remains benign. Therefore, we think the BSP will lower its policy rate by 25 basis points at its next meeting in December along with cumulative cuts of 75 basis points in 2025 to help bolster domestic demand," it said.
Dit verhaal komt uit de December 09, 2024-editie van The Philippine Star.
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