BSP Seen to Cut Policy Rate to 4% by 2026 - BusinessWorld Online

More BSP rate cuts likely ahead, says Fitch unit

MANILA, Philippines – A solid cushion of foreign reserves and an anticipated easing action by the US Federal Reserve (Fed) this month could give the Bangko Sentral ng Pilipinas (BSP) room to front-load further rate cuts, supporting growth without putting too much pressure on the peso. In a note to clients, BMI Research, a unit […]...Keep on reading: More BSP rate cuts likely ahead, says Fitch unit

BSP seen to cut policy rate to 4% by 2026 - BusinessWorld Online

THE Bangko Sentral ng Pilipinas (BSP) will likely deliver three more rate cuts until 2026 to support the economy amid an anticipated slowdown, Fitch Solutions’ unit BMI said. “(T)he BSP is poised to frontload easing to support the economy,” BMI said in an Oct. 10 note. “As such, we now expect BSP to cut by 25 basis points (bps) at its final meeting in 2025 in December to 4.5% and by another 50 bps in 2026.” The Monetary Board on Thursday deliver…

BMI Eyes Additional 25 Basis Points Cut In BSP Rates In December, More In 2026

Following the 25-basis-point reduction in the Bangko Sentral ng Pilipinas’ (BSP) key rates last week, a Fitch Solutions Company unit forecasts an additional cut in December, and more in 2026, to support the domestic economy. With the rate reduction last Oct. 9, the BSP’s target reverse repurchase (RRP) rate is now at 4.75 percent, reduced by a total of 175 basis points since 2024, with the 100 basis points in the first nine months of this year a…