‘Geopolitics, Trump win not suited to sharp rate cuts’

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GEOPOLITICAL tensions and even a Trump presidency in the United States should serve as a caution to the Monetary Board to not cut rates aggressively as this could add to inflationary pressures, according to an analyst.

Ravelas also said if the BSP will maintain or keep its promise of cutting rates by 25 basis points more this year, that should still make the country’s inflation target attainable.

These will be affected by geopolitical risks; a Trump presidency; actions made by the US Federal Reserve that may have implications on key policy rates and currency volatility; and climate change dynamics that could affect commodity prices.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Percent Rates Scenario Geopolitical Policy Inflation Ravelas Peso Trump Dollar Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 13:43:24 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 837 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23020450

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