BSP unlikely to ease policy rates – analysts

Analysts from two banking giants said the central bank is not likely to ease its key policy rates anytime this year despite the record low inflation rate as low food prices and oil prices are bound to be offset by the impact of the El Nino phenomenon.

Philippine headline inflation posted its sharpest drop in two decades in June at 1.2 percent on the back of sufficient food supply and moderate price pressures on energy and oil rates.