MANILA: There are persistent price pressures that have yet to dissipate and could still pose a risk to the inflation outlook, a situation that might prompt the Bangko Sentral ng Pilipinas (BSP) to delay its rate cuts, says governor Eli Remolona Jr.
Speaking to reporters on Wednesday, Remolona said that while inflation is projected to stay within the 2% to 4% target range of the BSP this month, hitting pause at the Dec 19 meeting of the policymaking Monetary Board is still on the table depending on the data.
