While private-sector economists anticipate one last monetary policy easing before 2025 comes to a close, in order to safeguard economic growth next year, they do not think the Bangko Sentral ng Pilipinas (BSP) will reduce the key borrowing costs on Thursday, Oct. 9.
Singapore-based United Overseas Bank (UOB) said the price pressures and the underperforming gross domestic product (GDP) growth reinforce a need for another adjustment in the lending rate, but it does not see it as ideal this week.
“External headwinds continue to pose downside risks to the nation’s economic growth heading into 2026,” UOB Global Economics
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