Philippines resumes easing cycle with quarter-point cut
Inflation slows but growth risks increase amid “more challenging” external environment, BSP says
The Central Bank of the Philippines (BSP) has cut rates by 25 basis points amid moderating inflation and elevated risks to growth from uncertain global trade policies.
The BSP’s monetary board today (April 10) reduced its benchmark target reverse repurchase rate by 25bp to 5.5%. It also lowered the overnight deposit and lending rates by 25bp to 5% and 6% respectively.
“On balance, the more manageable inflation outlook and the risks to growth allow for a shift toward a more accommodative monetary
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