A THIRD-QUARTER economic slowdown and within-target inflation will likely prompt monetary authorities to cut key interest rates by another 25 basis points (bps) this Thursday, analysts said.
A THIRD-QUARTER economic slowdown and within-target inflation will likely prompt monetary authorities to cut key interest rates by another 25 basis points this Thursday, analysts said.All but one of nine economists polled by The Manila Times said the Bangko Sentral ng Pilipinas' policymaking Monetary Board would close out 2025 with a third rate cut.The BSP 's benchmark rate currently stands at 6.0 percent following two 25-bps reductions in August and September.
He noted that additionally, economic activity in the Philippines had slowed to below the government's target, increasing pressure on monetary officials to cut interest rates.Economic managers earlier this month narrowed the outlook for 2024 GDP growth to 6.0-6.5 percent, saying that the previous upper end of 7.0 percent was no longer achievable.Year-to-date growth remains below target at 5.8 percent and many observers expect a 2024 result below 6.0 percent.
Expected To End Year With 3Rd Rate Cut
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