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The Bangko Sentral ng Pilipinas (BSP) is seen further reducing key interest rates next year, or up to 100 basis points (bps). To recall, the BSP delivered another 25 bps rate cut during its last meeting for this year on Thursday. The central bank has so far reduced policy rates by a total of 75 […]
The additional rate cuts that will be implemented by the Bangko Sentral ng Pilipinas (BSP) will not be enough to boost the Philippine economy next year as a London-based think tank expects a slower pace of growth for household consumption and remittances. Capital Economics sees Philippine GDP growing by 5.8 percent in 2025, a projection […]
As expected, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) reduced key rates by another 25 basis points (bps) on Wednesday, bringing to 6% the benchmark rate. This is the second reduction of key rates by the BSP this year following the 25 bps cut on August 15.The BSP cited better inflation for […]