ANOTHER 25-basis-point rate cut will be considered during next month’s monetary policy meeting, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Tuesday.
ANOTHER 25-basis-point rate cut will be considered during next month’s monetary policy meeting, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said on Tuesday.“It’s on the table,” the central bank chief told reporters, noting that monetary authorities will have the benefit of preliminary second-quarter economic growth data and inflation figures for July. good the tariff situation has been clarified a bit,” Remolona added.
Oil prices are down so that’s good for inflation,” he added.The BSP’s policymaking Monetary Board has so far trimmed key policy rates twice this year after pausing in February due to worries over the impact of US trade policy.The central bank’s benchmark rate currently stands at 5.25 percent and Remolona has said that two more cuts could be ordered before the end of 2025.The Monetary Board’s next meeting will be on Aug. 28, to be followed by two more on Oct. 9 and Dec. 11.
Cut ‘On The Table’ Next Month Remolona
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