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BSP: Governr Remolona Sees Room For 50bp Of Cuts In 2025

BSP
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BSP Governor Eli Remolona says that he sees scope for 50bp worth of rate cuts this year. The Governor adds that a rate cut remains on the table for the April meeting, despite earlier suggesting that the central bank could keep the key rate on hold. According to his guidance, the BSP remains in an easing cycle.

  • The Governor earlier mentioned that the BSP may cut the RRR before mid-2025, possibly by as much as 200bp to 5%. The official noted that "the timing is still under discussion, but I think it will be fairly soon, maybe sooner than the middle of the year."
  • Remolona says that the BSP is developing a playbook for FX intervention, which would involve better market intelligence. At the same time, he sees no further FX regulation.
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BSP Governor Eli Remolona says that he sees scope for 50bp worth of rate cuts this year. The Governor adds that a rate cut remains on the table for the April meeting, despite earlier suggesting that the central bank could keep the key rate on hold. According to his guidance, the BSP remains in an easing cycle.

  • The Governor earlier mentioned that the BSP may cut the RRR before mid-2025, possibly by as much as 200bp to 5%. The official noted that "the timing is still under discussion, but I think it will be fairly soon, maybe sooner than the middle of the year."
  • Remolona says that the BSP is developing a playbook for FX intervention, which would involve better market intelligence. At the same time, he sees no further FX regulation.