MANILA: The Philippine central bank signalled on Monday (Aug 11) it may deliver the first of two remaining interest rate cuts this year at its Aug 28 policy meeting as inflation remained subdued.
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said it was "quite likely" the bank would lower its key policy rate later this month, reiterating its easing bias to support growth amid global uncertainties and as inflation continues to slow.
