BSP chief: Likely rate cut for ’25 is 50 bps

Quick Summary:

BAGUIO CITY—The Bangko Sentral ng Pilipinas (BSP) is sticking with its measured approach to monetary policy easing, likely reducing key policy rates gradually by 50 basis points (bps) this year.

The BSP projects inflation in January to settle at 2.5 percent and 3.3 percent—within the 2 to 4 percent target range—ahead of the data release on February 5.

Remolona said the weak economic growth is not the only reason for lowering the banks’ RRR.“We’re still figuring out why the number came out lower than expected.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Rate Board 2024 Policy Inflation Year Percent Banks Remolona Rates Monetary

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 16:16:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 25730166

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