BSP rate seen to stay at 6.5% until Q3 ʼ24

Following Thursday’s decision to keep policy rates unchanged, analysts now see the Bangko Sentral ng Pilipinas (BSP) keeping the benchmark steady until the third quarter of 2024, when some say the central bank might start rate cuts. In their policy meeting on Nov. 16, the Monetary Board (MB) maintained the BSP’s policy rate at 6.5
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