Unionbank sees more BSP rate cuts to support economy


Posted at Sep 26 2019 09:21 AM

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Unionbank is not discounting more than one rate cut, for the rest of the year, saying slowing growth could make the case for a more aggressive unwinding of the increases from last year. In this interview with #ANCEarlyEdition, Unionbank's Chief Financial Officer Toto Hilado is not even expecting the economy to hit even just the low-end of government's target.