Two More BSP Rate Cuts Possible in H2

The Bangko Sentral ng Pilipinas (BSP) signaled the possibility of more interest rate cuts this year, citing easing inflation and softer economic growth, following the government's downward revision of its 2025 targets.

- By KEISHA TA-ASAN

During the 32nd BSP Anniversary Multimedia Exhibit Opening and The Governors Speak Book Launch yesterday, BSP Governor Eli Remolona Jr. said there is "room" for more monetary easing, with up to two rate cuts still possible in the second half of the year.

"Two cuts? That's possible. We still have to meet in August, October and December," Remolona told reporters on the sidelines of the event.

The interagency Development Budget Coordination Committee (DBCC) lowered its gross domestic product (GDP) growth target for 2025 to a range of 5.5 to 6.5 percent, from six to eight percent previously, citing lingering global uncertainties and delayed investments.