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BSP urged: Ensure out-of-the-woods inflation before cutting interest rates

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Monetary authorities must ensure that inflation is finally out of the woods before any move to ease policy rates, state-run Land Bank of the Philippines said.

MANILA, Philippines —

“There’s so many knock-on effects. So, I do agree with the BSP’s measure of caution before they actually bring rates down,” she said. Even the US Federal Reserve has signaled the possibility of fewer rate cuts this year, with the first one still projected in June. Powell recently said the Fed is in no hurry to cut rates as monetary authorities are looking at more indicators that inflation has really been contained.

Nonetheless, Ortiz maintained that any rate cut in the future will be a positive development for Landbank’s loan growth.

 

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