BSP trims interest rates anew on easing inflationhome/Business/Top Business/BSP trims interest rates anew on easing inflationAS widely expected, monetary authorities on Thursday cut interest rates for the third time this year on the back of lower price pressures. “The Monetary Board’s decision is based on its assessment that price pressures have eased further since the previous meeting,” BSP Governor Benjamin Diokno said at a briefing. “Inflation expectations also remain well-anchored within the inflation target range, based on the BSP’s survey of private sector economists,” the Bangko Sentral chief said. BSP Assistant Governor Edna Villa also announced that monetary authorities also cut their 2019 inflation forecast to 2.5 percent from 2.6 percent, while 2020 and 2021 projections were both kept at 2.9 percent. The subdued pace of global economic activity, on the other hand, continues to temper the inflation outlook, he added.

Source: Manila Times September 26, 2019 16:18 UTC