Foreign banks believe that steady, below-target year-to-date inflation will allow the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by another 25 basis points (bps) in December.
Following the 1.7-percent headline inflation rate in October, “we continue to expect the BSP to cut policy rates by another 25 bps in the December 2025 meeting—taking the terminal rate to 4.5 percent,” Goldman Sachs Economics Research said in a Nov.
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