• The Philippine central bank may cut its key interest rate twice this year in 25bps increments starting Aug., Governor Eli Remolona says.
• Bangko Sentral ng Pilipinas may cut rate ahead of the Fed, he tells reporters, adding that he’s not too worried on possible impact on the peso if this happens
• BSP is not intervening in the FX market
• Inflation may peak this month; RRR cut unlikely while BSP is hawkish