Philippine BSP Chief Tempers Hawkish View, Sees One More Cut

Philippine central bank Governor Eli Remolona has tempered his hawkish stance, saying monetary authorities may cut the benchmark interest rate one more time in the current easing cycle as economic recovery could last longer than initially thought.

“If we get off the fence it’s probably another rate cut but that’s probably about it. One more rate cut,” Remolona said in an interview with Bloomberg Television’s Stephen Engle and Annabelle Droulers on Friday.