BSP Signals Rate Cuts Distant Amid Persistent Inflation
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. indicated that while the economy may have begun recovering in the third quarter, interest rate cuts are likely still distant due to persistently high inflation expectations. GDP growth is anticipated, but price pressures are tempering monetary easing.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- PSEi Dips as Investors Await Inflation Data, Factory Output Woes
The Philippine stock market closed lower as investors adopted a cautious stance ahead of the release of October inflation data. Weak factory activity, contracting for the second consecutive month, also weighed on sentiment, pushing the benchmark index down by 0.99%.
- BSP Not Yet Considering Rate Cuts Amid Inflationary Pressures
The Bangko Sentral ng Pilipinas (BSP) is not yet considering interest rate cuts, as monetary tightening remains necessary to contain inflation. Inflation is expected to remain elevated in the coming months, with the policy rate currently at 5.50%.