BusinessNews

Easing Inflation Builds Case for More Interest Rate Cuts

The Bangko Sentral ng Pilipinas (BSP) is  expected to cut policy rates in August after inflation continued its downturn in June, London-based Capital Economics said over the weekend.

Capital Economics said the deceleration of the growth in consumer prices to 2.7 percent in June from 3.2 percent in May would be sustained because of falling food and transport prices, as well as base effects.

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