Wednesday 24 April
Apr 14, 2019 @ 11:33

Diokno: Rate cut on the table for May meeting


That’s a clear signal right there.

After weeks of a guessing game, it seems that the Bangko Sentral ng Pilipinas (BSP) is finally ready to give a crystal-clear view of its upcoming policy moves which have long been awaited by markets.

See related story: BSP watching over BPI glitch as netizens ask for sanctions

BSP Governor Benjamin Diokno told Bloomberg that the thrust is indeed towards a policy cut, which could happen as early as the May 9 meeting.

See related story: BSP allows longer hours for banks in April

“It’s not a matter of whether we cut, it is when,” Diokno said in an interview in Washington, DC.

See related story: Diokno keeps rates steady in first meeting as BSP chief

“We are considering it. I’m sure that will be in the agenda in the next policy meeting.”

With inflation comfortably declining, it may be go time.

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