Philippine central bank to cut rates by 25 bps on Dec 19, three more times in 2025: Reuters poll
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BENGALURU : The Philippine central bank will cut its key policy rate by a quarter point for the third time in a row on Thursday as inflation stays under control and the economy weakens, according to a Reuters poll which also forecast three more cuts next year. Despite inflation rising for a second month, reaching 2.5 per cent in November, it has remained within Bangko Sentral ng Pilipinas' (BSP) 2 per cent-4 per cent target since August when the bank began its easing cycle. That, coupled with
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