"That probably puts a lid on Bankgo Sentral ng Pilipinas' ambitions to front-run the Federal Reserve with rate cuts as soon as this month, though conditions are becoming more favorable, and BSP could well still see a window for easing in the fourth quarter of 2024," they said. ING expects economic growth to clock in to 7% on year for the second quarter, though this will be mainly a base-effect driven result. Any references to days are in local times. --Additional reporting by James Glynn, Megumi Fujikawa, Ronnie Harui, Ying Xian Wong, Emese Bartha, Miriam Mukuru and Robb StewartWrite to Jessica Fleetham at jessica.fleetham@wsj.com and Fabiana Negrin Ochoa and fabiana.negrinochoa@wsj.com-0-(MORE TO FOLLOW) Dow Jones Newswires08-05-24 0314ET

Source: Wall Street Journal August 05, 2024 07:23 UTC