BSP: Inflation trends favor keeping rates

Quick Summary:

EASING inflation may be enough reason for the Bangko Sentral ng Pilipinas (BSP) to consider a "less restrictive monetary policy stance.

Having presented the macroeconomic backdrop, here are the assumptions behind the proposed national budget for fiscal year 2025,” Remolona said.

For this year, the BSP Governor said the country’s reserves are expected to reach $104 billion.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: 2024 Country’s Rates Reserves Policy Reduction Year Inflation Billion Remolona Monetary

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 16:08:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 618 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21938220

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