Benign inflation gives BSP space to cut rates - BusinessWorld Online

Benign inflation gives BSP space to cut rates - BusinessWorld Online

SLOWER-THAN-EXPECTED October inflation gives the Bangko Sentral ng Pilipinas (BSP) leeway to continue its easing cycle to support the economy, analysts said. “Sub-target inflation provides sufficient room for the BSP to cut policy rates by 25 basis points (bps) in its December meeting,” Metropolitan Bank & Trust Co.’s (Metrobank) Research and Market Strategy Department said in a report on Wednesday. “Continued economic risks add reason for the B…