Philippines cuts policy rate by 25bp
Central bank points to improved outlook for inflation, as well as threats to growth from global events
The Central Bank of the Philippines (BSP) has lowered its target reverse repurchase rate by 25 basis points to 5.25%.
In a statement today (June 19), the bank said the decision had been prompted by a “more manageable” outlook for inflation and risks to growth.
The BSP said it had reduced its inflation forecast for 2025 from 2.4% to 1.6%, and that its projection for next year had also fallen marginally. “Inflation expectations remained well anchored,” the bank said.
However, it said its monetary
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