Nomura Global Markets Research of Japan expects the Bangko Sentral ng Pilipinas to reverse to an easing cycle by cutting key policy rates by a cumulative 125 basis points next year.
DBS Bank Ltd. of Singapore and Japan’s Nomura expect the Bangko Sentral ng Pilipinas keeping interest rates steady and ending its tightening cycle amid the downtrend in inflation that eased to an eight-month low of 6.6 percent in April from 7.6 percent in March.
DBS Bank Ltd. of Singapore and Japan’s Nomura expect the Bangko Sentral ng Pilipinas keeping interest rates steady and ending its tightening cycle amid the downtrend in inflation that eased to an eight-month low of 6.6 percent in April from 7.6 percent in March.
Philippines growth may be upgraded, but at slower pace zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Economists have upgraded their forecast growth for the Philippines this year, but still at a slower pace than last year amid headwinds such as a slowdown in the global economy and high inflation, according to a survey of think tank Japan Center for Economic Research.