Recto: Rate cut still on table, but in limbo

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The story "Recto: Rate cut still on table, but in limbo" was covered 2 weeks ago by Business Mirror, a news publisher based in Philippines.

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Recto: Rate cut still on table, but in limbo - Business Mirror

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.