TSX runs higher on rate cut expectations
Investing.com -- The Philippine central bank plans to maintain its easing bias and is on track to implement two policy rate cuts this year, according to Governor Eli Remolona.
Speaking on Monday, Remolona confirmed the central bank’s commitment to its current monetary policy direction.
"We’re still on that same easing cycle," Remolona said. "We’re doing baby steps. That’s a good sign, that means we’re on track."
The governor indicated that while the central bank remains committed to its plan for two rate cuts in 2025, the specific timing of these reductions will be determined by economic growth data and inflation trends.
The central bank’s approach of gradual rate adjustments reflects its cautious stance as it navigates the current economic environment in the Philippines.
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