Philippine Central Bank Likely to Continue Easing Rates in December -- Market Talk

Dow Jones11-05 16:36

0836 GMT - The Philippine central bank could continue its easing cycle in December, says HSBC economist Aris Dacanay. Although headline inflation in October rose 2.3% on year, HSBC sees no reason for concern. Prices pressures were moderate despite challenges in supply conditions due to typhoons in late September, Dacanay says. However, if the Philippine peso weakens due to global events, the Bangko Sentral ng Pilipinas could briefly pause its easing cycle in December to allow some flexibility in managing market volatility, he says. The BSP is likely to resume easing once the volatility subsides, bringing the policy rate to settle at 5.0% by 2025, Dacanay adds. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 05, 2024 03:36 ET (08:36 GMT)

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