External risks may prompt ‘modest’ rate cut by BSP

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External risks may prompt ‘modest’ rate cut by BSP - Business Mirror

Quick Summary:

EXTERNAL risks which include geopolitical factors could prompt the Bangko Sentral ng Pilipinas (BSP) to reduce rates by "a modest” 50 to 75 basis points next year, according to US-based think tank GlobalSource Partners.

Guinigundo said these could lead to higher inflation in the US, prompting the Federal Reserve to “go slow” in reducing policy rates.

GDP growth rebounded in the third quarter of the year, and while tight fiscal policy and weaker global demand will weigh on demand, strong consumption should ensure another year of solid growth in 2025,” Capital Economics said.