BSP easing cycle nearing end—DBS

Singapore's DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the third quarter of this year—a year after it began loosening monetary policy in August last year.

- By BEN ARNOLD DE VERA

"The Philippine central bank, the BSP, is on course with its rate cuts. Another 50-basis point (bp) cut is likely, bringing the benchmark overnight repo rate to its terminal level of five percent by the end of the third quarter of 2025," from the current 5.5 percent, DBS Group Research senior rates strategist Eugene Leow and rates strategist and economist Samuel Tse said in a June 9 report.