PSEi Rises as the BSP Cut Its Key Rate

BSP keeps easing; more cuts possible

MONETARY authorities on Thursday reduced key interest rates as expected, citing an improved inflation outlook, with at least another quarter-point cut likely to be delivered later this year.

PSEi rises as the BSP cut its key rate

MANILA, Philippines — Investors bought up shares ahead of the Monetary Board’s decision to cut the policy rate by 25 basis points. This prompted the Philippine Stock Exchange index (PSEi) to end in the green. The benchmark PSEi rose by 0.31 percent, or 19.58 points, to close at 6,357.01.  Meanwhile, the broader All-Shares index inched

BSP delivers second straight rate cut, monitors inflation risks

Central bank cuts key rate to 5.25% 2025 inflation forecast lowered to 1.6% from 2.4% Another 25 basis points cut possible, governor says MANILA — The Philippine central bank delivered a widely expected second straight policy rate cut on Thursday and left the door open for at least one more trim this year to support economic growth, […] The post BSP delivers second straight rate cut, monitors inflation risks appeared first on Interaksyon.

Bangko Sentral cuts key policy rate to 5.25% amid slower inflation outlook

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Thursday, June 19, reduced policy rates by 25 basis points or 0.25% amid a moderated inflation outlook and slowing global trade. This brings the country’s key interest rate to 5.25% from 5.5% in April/ BSP Governor Eli Remolona Jr. cited the moderated inflation outlook, as the BSP lowered its inflation rate forecast for 2025 to 1.6% to 2.4%, below the government’s target range. Inter…

Philippines cuts rates in bid to boost economic growth

MANILA -- The Philippine central bank on Thursday trimmed its benchmark rate by 25 basis points as it moved to support economic growth, wielding polic

Philippines cuts key rate again as inflation stays below target

The Philippine central bank lowered its key interest rate by a quarter point for the second time this year, as widely expected, after inflation remained below target.