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× BSP poised to cut rates– HSBC Global Research

The start of an easing cycle is imminent, HSBC Global Research said, forecasting cuts totaling 50 basis points (bps) this year for the Bangko Sentral ng Pilipinas’s (BSP) benchmark rates. “Taken together with the large amount of ‘policy space’ created by rate hikes last year (above all in the Phi