Philippines eases policy 25bp to 5% ‘Goldilocks zone’
BSP governor says one more cut likely this year as bank cites risks posed by US trade policy
The Philippines central bank said its benchmark interest rate was in the “Goldilocks zone” today (August 28) after it eased policy 25 basis points to 5%.
The Central Bank of the Philippines (BSP) said in a statement that its monetary policy board cut the policy rate amid a stable inflation outlook and as demand had stayed firm. However, the BSP said US tariff policy continued to weigh on global trade and investment activity which could “temper the outlook for the Philippine economy”.
BSP governor
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