US EditionRising Expectations: Two Consecutive BSP Interest Rate Cuts in June and August
4 Articles
4 Articles
Rising expectations: Two consecutive BSP interest rate cuts in June and August
Expectations are growing among foreign banks for the Bangko Sentral ng Pilipinas (BSP) to reduce key interest rates consecutively when its Monetary Board (MB) decides on the policy stance in June and August, with global investment banking giant Goldman Sachs joining the chorus."We continue to expect the BSP to cut two more times (25 basis points [bps] each) in the second quarter and third quarter of this year, bringing the policy rate to five pe…
avisafroya.no
bt.noPrices continue to rise more slowly than Norges Bank expects, increasing the possibility of a long-awaited interest rate cut over the summer.
Chief economist Kyrre M. Knudsen is afraid that Norges Bank will wait so long with an interest rate cut that it will be too late.
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