Japanese financial giant MUFG Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to maintain the key policy rate at five percent throughout 2025 but anticipates the central bank will reduce it by another one percentage point (ppt) to four percent in 2026.

Based on MUFG’s Sept. 24 report, which focused on fourth-quarter credit conditions in emerging markets, the policy-setting Monetary Board (MB) is expected to

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