Philippines May See Slower Pace of Interest Rate Cuts Amid Global Uncertainty
2025-01-21
Business Times
The Philippine Finance Secretary, Ralph Recto, has hinted that the country's central bank will continue to implement interest rate cuts in 2024, although at a slower pace than previously anticipated. This cautious approach is largely due to the prevailing geopolitical tensions and uncertainties surrounding US policies, which are impacting global economic stability. As the country navigates through these challenges, it's likely that monetary policy adjustments will be more conservative. Key factors influencing this decision include inflation management, economic growth, and financial market volatility, all of which are critical in maintaining the country's economic outlook and resilience in the face of global risks.
