BSP: ‘Gradual’ easing remains the strategy

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BSP: ‘Gradual’ easing remains the strategy - Business Mirror

Quick Summary:

MACTAN, Cebu—The Bangko Sentral ng Pilipinas (BSP) has no plans to break its easing cycle despite the country’s slower-than-expected growth in the third quarter and the uncertainties surrounding the Trump administration in the United States.

The BSP’s baseline forecast for inflation was at 3.1 percent in 2024; 3.2 percent in 2025; and 3.4 percent in 2026.Cai U.

Remolona said the slowdown in the country’s economic growth in the third quarter is “an aberration” and that the fourth quarter will likely see an improvement in the economy’s performance.