Moody’s sees another interest rate cut by BSP in 2019

The Bangko Sentral ng Pilipinas’ (BSP) decisions to cut interest rates and again slash bank reserve requirements this November were not likely to be the last of the BSP’s moves to further stir the economy to life by easing monetary policies, according to the research arm of debt watcher Moody’s on Monday, Sept. 30.

“We expect to see at least one more 25-basis point [bp] reduction in 2019,” Moody’s Analytics said in a report, referring to interest rates. /TSB