MONETARY authorities kept key interest rates unchanged as expected on Thursday and signaled that an easing could come as early as August.
Inflation expectations, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. told reporters, are 'actually somewhat less hawkish than before, which means we could ease rates the third quarter or fourth quarter of this year.'The BSP 's policymaking Monetary Board has only one meeting scheduled for the third quarter, on August 15, while it will meet two times during the last three months of the year: October 17 and December 19.
8 percent from the previous 4.0 percent. That for 2025, however, was raised to 3.7 percent from 3.5 percent.The baseline forecast for 2024, meanwhile, was trimmed to 3.5 percent from 3.8 percent while the 2025 projection was raised at 3.3 percent from 3.2 percent.The lower-than-expected April inflation turnout was said to have factored in the 2024 revisions, while higher transport charges, food prices, electricity rates and global oil prices were tagged as prompting the higher 2025 forecasts.
Keeps Rates Steady August Easing Possible
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