Philippine Central Bank Chief Sees Another Rate Cut in August

The Philippine central bank will consider lowering its key interest rate at its next policy meeting in August, according to Governor Eli Remolona, against a backdrop of slower inflation.

A reduction in the Bangko Sentral ng Pilipinas’ benchmark interest rate is “on the table” at the Aug. 28 meeting, Remolona told reporters on Tuesday. Two more rate cuts, including the potential one next month, are possible, he added.