‘Low, steady inflation’ gives BSP room to cut rates: DOF

Quick Summary:

THE "low and steady” inflation recorded in January 2024 gives the Bangko Sentral ng Pilipinas (BSP) room to reduce key policy rates to boost household spending and economic growth, according to Finance Secretary Ralph G.Recto.

PHL debt climbed to ₱16.051 trillion in 2024, or 60.‘Friends of the Court’ see new pork barrel scheme, breach of Constitution in transfer of P89.Ex-PNP gen.

The Monetary Board is set to meet on February 13, its first rate-setting meeting for the year.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Recto Interest Percent Year Inflation January Policy 2024 Rates Board Monetary

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 19:29:22 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 25913603

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