Philippine central bank expected to deliver final interest rate cut this Thursday to support growth

Economists expect the Philippine central bank to cut rates to 4.25 percent this Thursday. The move aims to bolster growth following a sharp economic slowdown.

A Reuters (poll) of economists indicates that the Bangko Sentral ng Pilipinas (BSP) is expected to reduce its key interest rate by 25 basis points to 4.25% at its meeting on February 19. This potential move in the Philippines PHPH comes as policymakers look to support domestic growth after the economy slowed to a near five-year low of 3.0%. According to the poll, the central bank is likely to maintain this rate at 4.25% through the remainder of 2026, marking a potential end to the current easing cycle.
A general view of the rush hour traffic as people shop ahead of Christmas at a market in Manila, Philippines, December 20, 2024. REUTERS/Lisa Marie David
A general view of the rush hour traffic as people shop ahead of Christmas at a market in Manila, Philippines, December 20, 2024. REUTERS/Lisa Marie David
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