Philippine Central Bank Could Lower Rate Amid Slower Growth, Soft CPI -- Market Talk
Dow Jones12-05 14:26
0626 GMT - The Philippines' latest CPI print and GDP data signal room for monetary easing, UOB economists write in a note. Headline and core inflation cooled in November, with the former undershooting Bangko Sentral ng Pilipinas' 2%-4% target for the ninth straight month. Growth for 3Q slowed to a more-than-four-year low. UOB notes BSP Gov. Eli Remolona's recent comments that a slower growth outlook raises chances of another rate cut at its upcoming meeting this month. Beyond this year, UOB still expects one final 25bp rate cut in 1Q to boost domestic growth momentum.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
December 05, 2025 01:26 ET (06:26 GMT)
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