Philippines Is Set to Cut Key Interest Rate a Third Time [Yahoo! Finance]
Citigroup, Inc. (C)
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Source: Yahoo! Finance
Most Read from Bloomberg How California Sees the World, and Itself Hong Kong's Expat Party Hub Reshaped by Chinese Influx London's Tube Fares Are Set to Rise by 4.6% Next Year Most of the 25 analysts surveyed by Bloomberg predict the Bangko Sentral ng Pilipinas will reduce its overnight target reverse repurchase rate by 25 basis points to 5.75% on Thursday. One economist projected a 50-basis point reduction and another sees the rate unchanged at 6%. BSP Governor Eli Remolona last month said the central bank is still on an easing cycle, although the door remains open for a pause. The central bank has reduced its key rate by a total 50 basis points since August after ending its most aggressive tightening campaign in two decades that had brought borrowing costs to a 17-year high. “We expect BSP to continue to reduce its monetary tightening with another 25 (basis point) rate cut, given that recent inflation and its current projected path are well within the policy target,”
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C
Earnings
- 10/16/24 - Beat
C
Sec Filings
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- 12/20/24 - Form FWP
- C's page on the SEC website