‘BSP unlikely to cut key rates by 100 bps’

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The story "‘BSP unlikely to cut key rates by 100 bps’" was covered 19 hours ago by Business Mirror, a news publisher based in Philippines.

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‘BSP unlikely to cut key rates by 100 bps’ - Business Mirror

Quick Summary:

THE Bangko Sentral ng Pilipinas (BSP) will maintain an easing posture next year, but it considers a 100-basis-point (bps) reduction in key policy rates as "excessive” as inflation could rear its ugly head again in 2025.

Neri said global rice production is expected to improve next year which will also ease inflation.

The reason we’re cutting in baby steps is because we’re not absolutely sure about inflation,” Remolona said.“We still worry that inflation might start to rise again.