Time for BSP to pause cycle of monetary easing—think tank

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may need to hold off on additional rate cuts to preserve policy flexibility against external shocks and assess the effects of earlier easing measures, according to New York-based think tank GlobalSource. In a commentary, GlobalSource economists Diwa Guinigundo and Wilhelmina Manalac said that although softening inflation