Central bank to move 'in lockstep' with Fed

THE Bangko Sentral ng Pilipinas (BSP) will likely move «in lockstep» with the US Federal Reserve (Fed) with regard to cutting interest rates, a Hongkong and Shanghai Banking Corp. (HSBC) economist said on Wednesday.

«With the inflation outlook better… the BSP has room to ease policy rates. It's just a matter of when,» HSBC Global Research's Aris Dacanay told reporters.

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