Tag: bps
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BSP may cut by 50 bps in October — BMI
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A WEAK PESO may cause the Bangko Sentral ng Pilipinas (BSP) to delay the start of its easing cycle, with a 50-basis-point (bp) cut in October at the earliest, Fitch Solutions’ unit BMI said. “Given that the peso has come under heavy pressure due to fluctuations in US interest rate…
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Central bank to cut rates by up to 150 bps — survey
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THE Bangko Sentral ng Pilipinas (BSP) could reduce rates by up to 150 basis points (bps) this year, its survey of private sector analysts showed, as inflation is likely to fall within the 2-4% target range. In the Monetary Policy Report for May 2024, the results of the BSP’s survey…