BSP Reduces Interest Rates, Signals Possible End to Easing Cycle
Manila: The Bangko Sentral ng Pilipinas (BSP) has announced a reduction of 25 basis points in its target reverse repurchase (RRP) rate, bringing it down to 4.50 percent. This marks the eighth rate cut this year as the central bank continues to manage inflation levels. According to Philippines News Agency, BSP Governor Eli Remolona indicated during a briefing that this cut might signify the conclusion of the current easing cycle, although future decisions will depend on upcoming data. Remolona noted that while the recent cut aims to stimulate economic activity, it comes at a time when governance issues have impacted