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BSP eases monetary policy as expected, forecasts 3.4% inflation for 2025 amid global stabilization
The Bangko Sentral ng Pilipinas (BSP) on Thursday took a decisive step in its monetary policy, cutting its key interest rate by 25 basis points to 5.75 percent, signaling a shift toward a more accommodative stance to support the economy.
11-month BOP reverts into surplus of $2.1 B
The country's balance of payments (BOP) position posted a surplus of USD2.1 billion in the first 11 months of 2024, a turnaround from last year when this stood as a deficit of USD2.3 billion, latest data from the Bangko Sentral ng Pilipinas (BSP) show.
Federal Reserve cut rates by another 25 basis points
The Federal Reserve on Thursday lowered key interest rates by a quarter of a percentage point, its third consecutive rate cut this year that is widely anticipated by the market amid easing inflation concern. For next year, however, the outlook for additional cuts is more cautious.
BSP, DOE lead roundtable on financing GEA
The Bangko Sentral ng Pilipinas (BSP) and the Department of Energy (DOE) jointly hosted a pivotal "Roundtable Discussion on Unlocking Financing for the Green Energy Auction Program (GEAP)" at the BSP Head Office in Manila recently.
PH on track for 5.7% growth in 2024, driven by strong inflation control
The USD437 billion Philippine economy is projected to grow by 5.7 percent in 2024, according to Fitch Ratings, which credits the country’s effective monetary policy for the positive outlook.
