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BSP Lines up 2 More Rate Cuts in 2025
- The Bangko Sentral ng Pilipinas cut the key interest rate to 5.25 percent on June 19, its lowest level in two and a half years.
- This rate cut followed weaker-than-expected first-quarter growth caused by uncertainty and was supported by a moderating inflation outlook.
- Governor Eli Remolona said low inflation and revised realistic growth targets justify room for up to two more rate cuts this year amid global and domestic risks.
- The Development Budget Coordination Committee lowered the 2025 GDP growth target to 5.5 to 6.5 percent from 6 to 8 percent due to global uncertainties and geopolitical tensions.
- The monetary easing signals efforts to support robust domestic demand and maintain the Philippines’ status among Southeast Asia’s fastest-growing economies this year.
12 Articles
12 Articles
BSP lines up 2 more rate cuts in 2025
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) might reduce its benchmark interest rate twice more in the remainder of this year, BSP Governor Eli Remolona Jr. said on Thursday. “There’s room [for more cuts] because inflation is low and [economic] growth is a bit lower also,” Remolona told reporters. He spoke to journalists […]...Keep on reading: BSP lines up 2 more rate cuts in 2025
BSP sees room for 2 more rate cuts - BusinessWorld Online
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday said there is room for two more rate cuts this year as inflation remains benign. “There’s room [to cut] because inflation is low, and growth is a bit lower also. Except that the cuts cannot really compensate entirely for the slowdown in growth,” BSP Governor Eli M. Remolona, Jr. told reporters. The BSP last month cut the target reverse repurchase rate by 25 basis points (bps) to 5.25% from 5.5% a…
Bangko Sentral ng Pilipinas says there's room for two more rate cuts
MANILA — The Philippine central bank could cut its policy rate twice more this year, its governor said on Thursday, with benign inflation levels providing room to ease the country’s monetary settings. “There is room, because inflation is low,” Bangko Sentral ng Pilipinas Governor Eli Remolona told reporters on Thursday. BSP delivered a widely expected rate […] The post Bangko Sentral ng Pilipinas says there’s room for two more rate cuts appeared…
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