Tuesday, 2 October 2012

Yahoo! Philippines News - Latest Philippines News & International News Headlines: BSP likely to cut rates anew by 25 bps

Yahoo! Philippines News - Latest Philippines News & International News Headlines
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BSP likely to cut rates anew by 25 bps
Oct 2nd 2012, 16:20

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) is likely to cut interest rates by another 25 basis points (bps) before the end of the year to encourage further spending while reducing excess liquidity, a top bank economist said.

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