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Philippines mulls rate cut to spur demand as scandal hits growth
Business World Philippines
|November 25, 2025
THE PHILIPPINE central bank will consider another reduction in the benchmark interest rate next month to spur demand, its top official said, after the economy was hit by an ongoing corruption scandal.
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“The demand is affected, just like investor sentiment,” Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said in an interview on Monday on the sidelines of a BSP forum in the central Philippine province of Bohol. Further easing can help boost demand to support the economy, he said.
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