Philippines unexpectedly pauses easing cycle
BSP would have continued cutting if not for “uncertainty over trade policy”, governor says
The Central Bank of the Philippines (BSP) has held its policy rate at 5.75%, thereby pausing the easing cycle against market expectations.
The bank today (February 13) held the target reverse repurchase rate at 5.75%. The BSP also held its overnight deposit and lending rates at 5.25% and 6.25% respectively.
All but one of the 29 economists surveyed by Bloomberg had predicted that the bank would make a quarter-point cut. The BSP had reduced rates by 25 basis points in each of its three previous
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