Consecutive BSP rate cuts coming in June and August—Deutsche Bank

Consecutive BSP rate cuts coming in June and August—Deutsche Bank

The Bangko Sentral ng Pilipinas (BSP) is seen cutting interest rates for two consecutive policy meetings as inflation falls to below-target levels, according to Deutsche Bank Research.In a May 31 report emailed on Monday, June 2, Deutsche Bank Research forecast headline inflation in May at 1.5 percent, remaining below the targeted two- to four-percent band of manageable annual price increases conducive to economic growth. The Philippine Statisti…