Fitch cites PH’s sound monetary policy, inflation slowdown

PTVPhilippines

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00:00Credit rating agency Fitch Ratings has recognized the country's sound monetary policy

00:05which helped ease inflation. According to Philippine News Agency's report,

00:09Fitch cited the country's progress in bringing down inflation, which averaged 3.2 percent in

00:14the first 11 months of 2024, from 6 percent in the same period last year. To help bring inflation

00:20back to within target range of 2 to 4 percent, the Banco Centralang Pilipinas, or BSP, raised

00:26interest rates by a total of 100 basis points last year. Since then, inflation has slowed,

00:32settling at 2.5 percent in November of this year. Meanwhile, it expects Philippine economic growth

00:39to accelerate to 5.7 percent this year, further to 5.9 percent next year, and 6.2 percent in 2026.

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