US EditionBSP Lines up 2 More Rate Cuts in 2025
- On June 19, 2025, the Bangko Sentral ng Pilipinas lowered its target reverse repurchase rate by 0.25 percentage points, setting it at 5.25 percent.
- The cut responded to low inflation levels and slower economic growth caused by uncertainties, as explained by Governor Eli Remolona on Thursday.
- The Development Budget Coordination Committee lowered the 2025 GDP growth target to 5.5-6.5 percent on June 26 amid global and domestic headwinds.
- Inflation eased to 1.3 percent in May, the lowest in over five years, while economists expect June inflation to rise slightly to 1.5 percent.
- BSP officials indicated room for two more rate cuts this year to support growth, yet they noted that rate cuts cannot fully offset the slowdown.
13 Articles
13 Articles
BSP lines up 2 more rate cuts in 2025
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) might reduce its benchmark interest rate twice more in the remainder of this year, BSP Governor Eli Remolona Jr. said on Thursday. “There’s room [for more cuts] because inflation is low and [economic] growth is a bit lower also,” Remolona told reporters. He spoke to journalists […]...Keep on reading: BSP lines up 2 more rate cuts in 2025
BSP sees room for 2 more rate cuts - BusinessWorld Online
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday said there is room for two more rate cuts this year as inflation remains benign. “There’s room [to cut] because inflation is low, and growth is a bit lower also. Except that the cuts cannot really compensate entirely for the slowdown in growth,” BSP Governor Eli M. Remolona, Jr. told reporters. The BSP last month cut the target reverse repurchase rate by 25 basis points (bps) to 5.25% from 5.5% a…
Bangko Sentral ng Pilipinas says there's room for two more rate cuts
MANILA — The Philippine central bank could cut its policy rate twice more this year, its governor said on Thursday, with benign inflation levels providing room to ease the country’s monetary settings. “There is room, because inflation is low,” Bangko Sentral ng Pilipinas Governor Eli Remolona told reporters on Thursday. BSP delivered a widely expected rate […] The post Bangko Sentral ng Pilipinas says there’s room for two more rate cuts appeared…
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