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The Bangko Sentral ng Pilipinas could likely cut rates by 150 basis points in the next two years with inflation expected to slow down, Finance Secretary Ralph Recto , who sits in the Monetary Board, said Monday.According to Recto, a rate cut in the third quarter is “very much possible,” with a reduction of 150 basis points in the next two years, with inflation expected to slow to within the government’s target range of 2.0% to 4.0% this year and the next.
8%, while the baseline forecast was adjusted to 3.5%, while the 2025 risk-adjusted forecast was set at 3.5%, and the baseline at 3.3%.“We know your eyes are on the Bangko Sentral because of the stubbornness of inflation. We face the usual supply shocks. These shocks are large and relentless, but I think we’re now beginning to tame inflation,” BSP governor Eli Remolona Jr. said in a recorded speech.
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