MANILA: Another research group has added its voice to the growing chorus saying that the Bangko Sentral ng Pilipinas (BSP) will further cut its key interest rate, starting with a 25 basis point (bps) reduction to 5% when the Monetary Board meets on Aug 28.
The research group of Netherlands-based global banking group ING said in a commentary that they expect the BSP to decide on further easing this month, even if inflation in the Philippines is expected to heat up in the months ahead.
