MANILA, Philippines – A solid cushion of foreign reserves and an anticipated easing action by the US Federal Reserve (Fed) this month could give the Bangko Sentral ng Pilipinas (BSP) room to front-load further rate cuts.
This move would support economic growth without putting too much pressure on the peso.
In a note to clients, BMI Research, a unit…
https://business.inquirer.net/552414/more-bsp-rate-cuts-likely-ahead-says-fitch-unit