MNI BSP Preview - February 2025: BSP to Cut, Bias to Neutral.
Feb-12 04:54By: Jamie Grant
Philipines
- January's decline in CPI (month-on-month) supportive of a cut in the base rate.
- Central Bank has done a good job in stabilising the currency.
- Unemployment declining for December provides opportunity to cut to offset weaker exports and moderately softer GDP.
- We expect however the BSP to move to a more neutral bias going forward.
