Soft inflation, weak economy leave room for further easing - BusinessWorld Online

Soft inflation, weak economy leave room for further easing - BusinessWorld Online

THE BANGKO SENTRAL ng Pilipinas (BSP) still has space for further easing this year as inflation remains subdued and as weak investor sentiment due to a wide-ranging graft scandal could persist, leading to a prolonged economic fallout. Metropolitan Bank & Trust Co. (Metrobank) said in a commentary on Wednesday that the BSP could deliver up to 50 basis points (bps) more in cuts to cap its current easing cycle, which would bring the policy rate to …