Philippine Central Bank Head Sees Room for Rate Cuts Beyond 2025

The Philippine central bank has room to continue its easing cycle next year after possibly two more quarter-point cuts for the rest of 2025, according to Governor Eli Remolona.

A rate cut is “more likely” this month after inflation eased to a near six-year low in July, Remolona said in an interview on Tuesday. “Something unexpected would have to happen for us not to cut rates,” he said. That will likely be followed by another reduction in the fourth quarter, the governor said.