Philippines rate cut to prompt overheating risks
Philippines’ recent rate cut could lead to an overheated economy as investors looking for yield pickup turn to the country’s sound economic conditions and potential credit upgrade.
Bangko Sentral ng Pilipinas’ (BSP) recent rate cut is likely to heighten risks of overheating in the economy.
The central bank cut the reverse repurchase rate by 25 basis points (bp) to 3.5% in its policy meeting on October 25. The repurchase rate was also cut to 5.5%. This
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