Rate-cut: A reduction is just a matter of timing, says Diokno.The central bank will reduce its benchmark rate by 25 basis points to 4.50% on Thursday, according to the median estimate in a Bloomberg survey. — Bloomberg
MUMBAI: A sense of caution is gripping peso bulls as markets approach the Philippine central bank’s interest-rate decision.
Increased speculation that the Bangko Sentral ng Pilipinas will ease monetary policy on Thursday is threatening to break the peso’s Asia-beating rally this quarter.
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