Below-target inflation supports case for another rate cut, analysts say - BusinessWorld Online

T-bill yields down on rate cut hopes, slowing inflation

MANILA, Philippines –  Yields on short-dated local debts of the government eased during Monday’s sale of Treasury bills, as the release of cooler inflation data stoked expectations of an interest rate cut this month. This, in turn, allowed the Bureau of the Treasury (BTr) to upsize its offering. Auction results showed the BTr raised P28.6

Below-target inflation supports case for another rate cut, analysts say - BusinessWorld Online

THE BANGKO SENTRAL ng Pilipinas (BSP) will be able to further reduce interest rates amid below-target inflation and weak economic growth, analysts said. “With inflation holding near multi-year lows and the peso showing relative strength, a rate cut from the BSP in June has become more certain,” Bank of the Philippine Islands Lead Economist Emilio S. Neri, Jr. said. This after inflation cooled to an over five-year low of 1.3% in May, bringing the…