BAGUIO CITY — Monetary authorities could cut interest rates by just 50 basis points (bps) this year given lingering inflation risks, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Saturday.
BAGUIO CITY — Monetary authorities could cut interest rates by just 50 basis points this year given lingering inflation risks, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said on Saturday.Speaking to reporters at the sidelines of a seminar for the media, the BSP chief said that 75 might be too much.''Maybe 50 , because we also need a bit of policy insurance...,' he added.
With Philippine economic growth having fallen below target last year, a 25-bps cut is all but assured next week, they said.The US central bank, which lowered interest rates by 100 bps in total last year, announced a pause last week as the American economy remained strong and inflation was still some way off from returning to target.Monetary authorities around the world, Remolona said, had learned to do things 'gradually except when there is an impending hard landing.
Chief: 75 Bps In 2025 Cuts 'Might Be Too Much'
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