Recto: Rate cut still on table, but in limbo

Quick Summary:

AS the Philippines’ economic growth slowed to 5.2 percent in the third quarter of 2024 and Donald Trump reclaimed presidential victory, anticipation for the upcoming key policy rate cuts is now in limbo.

The equity market will bode well under another Trump administration, Recto added, as US investors capitalized on lower corporate taxes and deregulation.

The Philippines’s strategic location may also be an advantage considering Trump’s background in real estate.“[If he] sees the value of the Philippines, then it may be good for the country,” Recto said.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Recto Policy Rate 2024 Trump Growth Percent Economic Rates Cuts Quarter

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 16:08:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23463805

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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News Last Updated: 13 hours ago

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