The Bangko Sentral ng Pilipinas is anticipated to reduce its benchmark interest rate by 25 basis points during its upcoming policy meeting, marking another step in its accommodative monetary stance. This move comes as economic growth faces pressure from new U.S. trade tariffs, while inflation continues to remain within a manageable range. According to a Bloomberg survey, all 26 economists polled expect the overnight reverse repurchase rate to be adjusted downward to 5%, the lowest level since early 2022. The central bank aims to bolster domestic demand and cushion the impact of external trade uncertainties on the nation’s economic trajectory.
— news from Bloomberg
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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.