THE Bangko Sentral ng Pilipinas (BSP) could markedly slow the pace of easing this year to just two rate cuts in the first half given inflationary pressures and possible currency volatility, Bank of America (BofA) said on Wednesday.
“We now think the BSP will cut its policy rate only twice in 1H25 (in Feb[ruary and] April), instead of thrice as we had previously assumed,” BofA said in a report where it also lowered its growth estimate for the fourth quarter of last year to 5.7 percent from 5.9 percent.
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