BSP governor says weak growth may spur rate cut

November 21, 2024 - 1:35 PM
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(Photo from BusinessWorld)

— The Philippines’ central bank governor said on Wednesday that weak growth may cause monetary authorities to cut rates.

The central bank may cut rates or pause in the next policy meeting on Dec. 19, Governor Eli Remolona told reporters, adding that inflation pressures might cause authorities to keep rates unchanged.

—Reporting by Mikhail Flores in Cebu

READ: BSP signals more rate cuts ahead