By bno – Taipei Office The latest inflation data from the Philippines has dimmed prospects for an interest rate cut by the Bangko Sentral ng Pilipinas (BSP) at its upcoming August meeting. July’s inflation figures, which recorded a y/y rise of 4.4%, significantly higher than the previous month’s 3.7%, have introduced considerable uncertainty into the BSP’s policy decisions, as reported by ING THINK. BSP Governor Eli Remolona acknowledged that the latest inflation report was ‘slightly worse than expected,’ which makes an August rate cut less probable. Given this development, it seems unlikely t…