00:00The Banco Central ng Pilipinas, or BSP, has lowered its key interest rate by 25 basis points, bringing it down to 5.5%.
00:09According to BSP Governor Eli Remolona Jr., the Monetary Board expects inflation to stay under control in the next few years,
00:18giving them more room to help support the economy.
00:21Currently, BSP expects inflation to go down to 2.3% in 2025, which is slower than earlier forecasts.