BAGUIO CITY — Another interest rate cut is 'on the table' as the economy continues to grow below its potential, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Friday.
Gross domestic product (GDP) growth fell below the government's 6.0- to 6.5-percent target last year, edging up by just 5.6 percent from 5.5 percent in 2023 as a series of typhoons battered the country in the last three months of the year.
Bangko Sentral ng Pilipinas Gov. Eli Remolona Jr. PHOTO BY THE PHILIPPINE NEWS AGENCY