The central bank kicked off its easing cycle in August, and Governor Eli Remolona has signalled a preference for quarter-point cuts, instead of bigger reductions, unless the Southeast Asian nation’s economic growth “turns out to be worse than we thought”.
The Philippine central bank cut its benchmark interest rate by 25 basis points for the second time this year, as slowing inflation gave it room for further easing.
The Bangko Sentral ng Pilipinas reduced the target rate to 6% on Wednesday, as expected by 25 of 26 economists in a Bloomberg survey.
