MONETARY authorities will likely cut key interest rates by another 25 basis points (bps) this Thursday given subdued economic growth and within-target inflation, analysts said.
MONETARY authorities will likely cut key interest rates by another 25 basis points this Thursday given subdued economic growth and within-target inflation, analysts said.The Bangko Sentral ng Pilipinas' policymaking Monetary Board reduced rates three times last year — in August, October and December — for a total of 75 bps as inflation settled within the medium-term goal of 2.0- to 4.0 percent.
ANZ Research strategist Jennifer Kusuma said the BSP would implement a 25-bps reduction to support domestic demand and said that a total of 75 bps was likely for 2025.'Not the magic bullet'Union Bank of the Philippines chief economist Ruben Carlo Asuncion said that with inflation within target in 2024 and with a stable outlook for this year, the BSP had room to cut rates, especially after growth remained weak in the fourth quarter.
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