6 months Rate cut a matter of timing as oil gains MB |Biz
Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Sunday it was only a matter of timing as to when monetary policy is eased after last year’s series of interest-rate increases, even as authorities closely monitor oil prices. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno.(Bloomberg) A rate cut at the May 9 policy meeting will depend on key data and the outlook on El Niño weather, Diokno said in an interview on Boracay Island in central Philippines on April 27. If oil prices remain elevated, Bangko Sentral ng Pilipinas would keep the rate unchanged next month, he said. “It’s ... more