Philippines bets on growth as the world hesitates: A case for BSP's proactive rate cut

The Bangko Sentral ng Pilipinas (BSP) sent a clear message on June 19: it is willing to get ahead of the curve.

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With its second 25-basis-point policy rate cut this year—bringing the benchmark down to 5.25 percent—the BSP continues to adopt a more dovish stance than many of its global counterparts. At a time when most central banks are treading cautiously through an uncertain economic landscape, the Philippines is charting its own course.