BSP chief says 2 more rate cuts possible this year
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NewsTranscript
00:00As inflation eases further, a possibility of two 25 basis points rate cuts in the final quarter of the year.
00:08According to Banco Centralang Pilipinas' chief governor, L.E. Remolono, Jr.,
00:13there is a possibility in monetary board to cut two or more rates because cutting 50 points in one meeting could result slowdown in the economy.
00:23Although the board will give attention on the country's inflation, this will strengthen the capital markets and boost the transmission of monetary policy.