BAGUIO CITY—The Bangko Sentral ng Pilipinas (BSP) is sticking with its measured approach to monetary policy easing, likely reducing key policy rates gradually by 50 basis points (bps) this year. BSP Governor Eli M. Remolona Jr.
BAGUIO CITY—The Bangko Sentral ng Pilipinas is sticking with its measured approach to monetary policy easing, likely reducing key policy rates gradually by 50 basis points this year.
An initial 25-bps policy rate cut could be delivered in the first half of the year while another 25-bps will follow in the second half. “Not every meeting we’ll see a policy rate decline,” Remolona added. The BSP projects inflation in January to settle at 2.5 percent and 3.3 percent—within the 2 to 4 percent target range—ahead of the data release on February 5.
The RRR could be slashed by 200 bps to 5 percent, probably in the middle of the year, either June or July.
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