Higher inflation may delay BSP rate cut—ING

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An economist of ING Bank said Monday the higher inflation rate in July may force the Bangko Sentral ng Pilipinas to reconsider its planned interest rate cut this month.

The Philippine economy grew 6.3 percent in the second quarter of 2024, while inflation rate in July climbed to 4.4 percent from 3.7 percent in June. Carnell said the Philippines peso is also well supported and may not be a main reason for an interest rate cut.

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MlaStandard /  🏆 20. in PH

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