THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday said there is room for two more rate cuts this year as inflation remains benign. “There’s room [to cut] because inflation is low, and growth is a bit lower also. Except that the cuts cannot really compensate entirely for the slowdown in growth,” BSP Governor Eli M. […]
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday said there is room for two more rate cuts this year as inflation remains benign. “There’s room [to cut] because inflation is low, and growth is a bit lower also. Except that the cuts cannot really compensate entirely for the slowdown in growth,” BSP Governor Eli M. […]