Story perspectives
Philippines Cuts Interest Rate Amid Low Inflation Concerns
6/20/2025
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Story summary
- The Bangko Sentral ng Pilipinas reduced its interest rate by 25 basis points to 5.25% due to low inflation.
- Governor Eli Remolona suggested further cuts may occur in 2025.
- Inflation has stayed below the 2-4% target for three consecutive months.
- Rising oil prices and a weakening peso pose risks to the economy.
- This rate cut seeks to bolster the Philippines' sluggish economic growth.
