00:00BMI predicts that the Monetary Board or MB of the Banco Central ng Pilipinas or BSP will
00:06reduce key interest rates by 50 basis points or BPs by October following the U.S. Federal
00:12Reserve's rate cut.
00:14BMI's report notes that the BSP will likely begin rate cuts only after the Fed embarks
00:20on policy easing, which is expected to start in September.
00:24Despite BSP hinting on a possible August rate cut, BMI remains skeptical, citing currency
00:30stability as a major barrier to monetary loosening.
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