BSP seen staying hawkish despite inflation slowdown

SLOWER-THAN-EXPECTED May inflation is unlikely to deter the Bangko Sentral ng Pilipinas (BSP) from further tightening policy, with analysts still penciling in a jumbo rate cut next week. “Our view of BSP hiking by 50bp (basis points) in the June MB (Monetary Board) meeting is unchanged as we think the lower print may only be temporary,” Deutsche Bank Research said in a commentary on Monday. The BSP’s policymaking Monetary Board, which ended an easing cycle in April and raised k