‘BSP’s gradual approach in cutting rates is right call’

Quick Summary:

THE International Monetary Fund (IMF) believes the gradual approach taken by the Bangko Sentral ng Pilipinas (BSP) in reducing rates is the right call to better manage supply shocks.

Nonetheless, IMF said the BSP observed that the real estate vacancies created by the exit of Philippine Offshore Gaming Operators (POGOs) can be absorbed by traditional residents.

Earlier, the Governance Commission for GOCCs (GCG) said it will come up with guidelines for the MIC highly technical positions and compensations as its organizational structure is still being finalized.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Guidelines Technical Policy Philippines Capital Investment Loans Inflation Banks Positions Regulatory

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 16:48:58 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 24602556

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 1 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

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