The Bangko Sentral ng Pilipinas (BSP) is expected to cut interest rates more aggressively in the coming months, according to BMI, a unit of Fitch Solutions.
“Crucially, we now forecast the Fed to cut by a total of 125 basis points in 2024,” BMI said in a report. “On this projection, we think that the BSP will have more policy room to maneuver with a 100-basis-point cut of its own.”
The...
The Bangko Sentral ng Pilipinas (BSP) is expected to cut interest rates more aggressively in the coming months, according to BMI, a unit of Fitch Solutions.
“Crucially, we now forecast the Fed to cut by a total of 125 basis points in 2024,” BMI said in a report. “On this projection, we think that the BSP will have more policy room to maneuver with a 100-basis-point cut of its own.”
The...
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