1 week Diokno sees policy rate cut this month MB |Biz
By Lee C. Chipongian New Clark City — Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the possibility of another policy rate cut – at least 25 basis points (bps) — could come sooner or even by September 26 which is the next Monetary Board policy meeting. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg) Prospects (of a cut) are bright … it may come sooner than later. I think it won’t reach November or December, it will be soon,” said Diokno. The BSP’s Monetary Board will only have three remaining policy meetings this year, its ... more