April rate cut ‘on the table,’ BSP says


BSP governor Eli Remolona Jr. — Bloomberg

MANILA: An interest rate cut in April is still “on the table” of the Bangko Sentral ng Pilipinas (BSP), governor Eli Remolona Jr says while stressing that monetary authorities were still on easing mode despite the surprise pause last month.

Speaking to members of the Tuesday Club, Remolona said the March inflation print would be a key factor for the policymaking Monetary Board in deciding whether to resume easing at their April 10 meeting or defer another rate cut.

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