BSP rate cut to 4.5% likely sooner

Foreign financial giants and a think tank expect the Bangko Sentral ng Pilipinas (BSP) to further reduce key borrowing costs to 4.5 percent by year-end following the central bank's shift to more dovish tone.

- BY DERCO ROSAL

PROVE PHARMACY ACCESS – The Private Sector Advisory Council – Healthcare Sector (PSAC- Health), in partnership with the Food and Drug Administration (FDA) and the Professional Regulation Commission (PRC), launched the Regulatory Sandbox Pilot Program on Flexible Supervision of Pharmacies, which aims to improve access to quality medicines in the underserved areas of the country. In photo: President Ferdinand Marcos Jr, PSAC Lead Convenor and Aboitiz Group President & CEO Sabin Aboitiz, PSAC– Health Sector Lead and Ayala Healthcare Holdings President & CEO Paolo Borromeo, and fellow PSAC–Health members convene at Malacañang Palace for the MOU signing with the FDA and PRC.

Netherlands-based financial giant ING has flagged risks that could slow growth from the 2026 forecast of 5.8 percent, which would consequently influence the bank's policy expectations.