BSP, other central banks expected to delay easing

EXCHANGE rate volatility, stable inflation and uncertainty over the US Federal Reserve rate cuts will likely keep emerging market (EM) central banks from lowering interest rates for now, Moody’s said.

Despite having signaled an easing as early as next month, the Bangko Sentral ng Pilipinas (BSP) will be among those to “hold for longer,” the debt watcher said in a report issued last week.