MANILA: Two more rate cuts are likely in the cards this year, thanks to a benign inflation environment that could allow the Bangko Sentral ng Pilipinas (BSP) to support the economy amid global uncertainties, according to analysts.
In a commentary, Aris Dacanay, economist at HSBC Global Research, said the BSP could ease two more times in alternate meetings this year and employ a “very cautious approach” given the highly volatile global trade environment.
