Filipino Interest Rate Cut – Currency Thoughts
Filipino Interest Rate Cut
April 10, 2025
At the Central Bank of the Philippines, however, the key interest was cut today by 25 basis points to 5.5% following a scheduled review of the monetary stance. This was the fourth 25-bp reduction since last August, and the new rate is a full percentage point below the peak of 6.5% maintained from October 2023 until August 2024. In taking today’s move, officials reduced their projected CPI inflation forecasts slightly for this year and 2026, and released a statement revealing that “The Monetary Board noted the more challenging external environment, which would dampen global GDP growth and pose a downside risk to domestic economic activity. On balance, the more manageable inflation outlook and the risks to growth allow for a shift toward a more accommodative monetary policy stance.”
Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bangko Sentral Ng Pilipinas
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