BSP again expects below-target growth

May 29, 2024 12:44 am

ECONOMIC growth could still fall below target this year and in 2025 despite recent downward revisions, the Bangko Sentral ng Pilipinas (BSP) said in its latest Monetary Policy Report.

The outlook of missed gross domestic product (GDP) growth targets has been included in the policy reports since August of last year, with the central bank citing factors such as the impact of policy rate hikes that are only expected to peak in 2024.

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