Page 85 - Bsp News Today

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The Bangko Sentral ng Pilipinas is likely to reduce the level of deposits banks are required to keep with the central bank if inflation further eases in the next two months, Dutch financial giant ING Bank said.

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Economists believe the Bangko Sentral ng Pilipinas is not yet done with its tightening cycle despite a downshift to a smaller 25-basis-point hike last Thursday.

The Philippines expects cross-border real-time payments in Southeast Asia to start soon after the Bank for International Settlements successfully linked several instant payments systems around the world.

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The Bangko Sentral ng Pilipinas is now expecting inflation to return within its two to four percent target by October this year, which could warrant further tightening in the coming months.