Another BSP rate cut likely after September inflation falls

PTVPhilippines

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00:00Economists expect that inflation decreased in September and predict the

00:04Banco Central ng Pilipinas or BSP will lower interest rates. Forecasts for

00:10September inflation are all below the government's 2 to 4 percent target with

00:14predictions ranging from 1.9 percent to 3 percent, suggesting it will be the

00:20lowest since January. Miguel Chanco, a chief emerging Asia economist at

00:27Think Tank Pantheon Macroeconomics pointed out that factors like lower

00:32food, oil prices and a stronger peso are contributing to this decrease. However,

00:39concerns about oil prices and typhoons may lead the BSP to be cautious. Overall,

00:45lower interest rates could support consumer spending and economic growth

00:49but there might be a delay before any benefits are felt in the economy.

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