Weak growth could prompt fresh rate cut

Nov 21, 2024 12:30 am

CEBU — Weak economic growth could push monetary authorities to continue cutting key interest rates next month, the Bangko Sentral ng Pilipinas (BSP) chief said on Wednesday, but a pause is also possible given inflation pressures.

'Our readings indicate that there still seems to be some pressure on inflation, and the economy is also somewhat weak,' BSP Governor Eli Remolona Jr. told reporters at the sidelines of a forum on systemic risk.

Bangko Sentral ng Pilipinas Gov. Eli Remolona Jr. PHOTO BY THE PHILIPPINE NEWS AGENCY

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