Philippines Finance Chief Expects Slower Pace of Interest Rate Cuts Amid Global Uncertainty
2025-01-21
Business Times
The Philippine Finance Secretary, Ralph Recto, has indicated that the nation's central bank will continue to implement interest rate cuts in 2024, albeit at a slower pace, due to escalating global risks and geopolitical tensions. This cautious approach is largely driven by uncertainties stemming from US policies, highlighting the need for fiscal prudence. As the global economy navigates through these challenging times, the Philippines is adopting a more measured strategy to balance economic growth with risk management, possibly incorporating monetary policies and financial regulation to mitigate potential economic downturns and ensure stability.
