BSP cuts key policy rate by 25 bps

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Transcript

00:00The Banco Central ng Pilipinas, or BSP, has cut its key policy rate by 25 basis points,

00:06the eighth reduction since August 2024.

00:08This brings the cumulative easing to 200 basis points,

00:12with aims to support an economy weighed down by weaker-than-expected growth,

00:16soft government spending, and lingering concerns over governance

00:20that have dampened both consumer and investor confidence.

00:23With the latest 1.5% inflation,

00:26this reinforces their view that price pressures will stay moderate,

00:30averaging 1.6% in 2025,

00:34before returning firmly within the target range of 3.2% by 2026 and 3% by 2027.

00:42The BSP further added that future policy adjustments will depend entirely on incoming data,

00:47particularly whether the slowdown in economic activity persists.

00:51For now, BSP is taking a measured step to reinforce demand

00:55at a time when inflation remains contained

00:57and global uncertainties continue to influence the country's economic outlook.

01:02The main factor would still be the governance issue.

01:07When investors and consumers feel that those issues are being addressed,

01:13then we should see some recovery.

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