BSP rate cuts will stimulate property market—Leechiu

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The story "BSP rate cuts will stimulate property market—Leechiu" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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BSP rate cuts will stimulate property market—Leechiu - Business Mirror

Quick Summary:

THE dovish stance of the Bangko Sentral ng Pilipinas (BSP) is expected to perk up capital markets, enabling property developers to launch more projects and buyers to engage in more transactions.

Economic Forum, BSP Governor Eli M.Remolona Jr.said the slowdown of the inflation rate in June to 3.7 percent from May’s 3.9 percent, along with the anticipated softening of rice prices from the cut in rice tariffs, have given monetary authorities enough space to “somewhat more likely” trim their key policy rate by 50 basis points before yearend.

Barranda (Commercial Leasing), Alfred Lay (Hotels,Tourism and Leisure), Roy Amado Golez Jr.(Research and Consultancy), and Tam Angel (Investment Sales) posing during a media briefing on their outlook for the real estate sector for the second half of the year.