The central bank of the Philippines is anticipated to proceed with another reduction in interest rates this week, aiming to cushion the economy against adverse effects from US-imposed trade duties. With inflation continuing to show minimal pressure, policymakers have room to maintain their accommodative stance.
According to a Bloomberg survey, all 26 economists polled expect the Bangko Sentral ng Pilipinas to decrease its overnight reverse repurchase rate by 25 basis points, bringing it down to 5%. This would mark the lowest level for the benchmark rate in nearly three years, reflecting sustained efforts to stimulate economic activity amid external challenges.
— news from Bloomberg.com
— News Original —
Philippines Set for Another Rate Cut as Tariffs Weigh on Economy
The Philippine central bank is widely expected to continue its monetary easing cycle on Thursday to support the economy from US tariff risks as inflation remained benign. n nAll 26 analysts surveyed by Bloomberg see the Bangko Sentral ng Pilipinas lowering its overnight target reverse repurchase rate by 25 basis points to 5%, the lowest in almost three years.