ING Bank: 2020 will be 'reasonably good' year for banks thanks to strong economic growth | ANC

ING bank Manila says the central bank will remain data-driven amid growing concerns over the fast-spreading coronavirus. The bank is pricing in a 25-basis point cut in interest rates, in the BSP's first monetary board meeting for the year on February 6th. Meanwhile, the local unit of the Dutch lender also expects 2020 to be a "reasonably good" year for the industry, riding on the back of strong economic growth.

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