Central Banks
Philippines Heads for Extended Rate Pause
- Most of 24 economists surveyed expect BSP to stand pat at 6.5%
- Another poll shows rate-cut probability in second-half of 2024
The Bangko Sentral ng Pilipinas headquarters in Manila, the Philippines.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
The Philippine central bank is expected to leave its key rate unchanged on Thursday and stay on an extended pause as it closely watches inflation and the peso which both appear on steadier footing.
Twenty-three of 24 analysts in a Bloomberg survey see the Bangko Sentral ng Pilipinas keeping its target rate at 6.5% during its last policy-setting meeting of the year, with one expecting a quarter-point hike to 6.75%.