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