Philippine Central Bank Plans More Rate Cuts Despite Trump’s Election Victory

Reported 2 days ago

The Philippine central bank is signaling further rate cuts despite uncertainty from Donald Trump's election win, according to Governor Eli Remolona. He mentioned a possible quarter-point reduction in December, with additional cuts next year, while assuring that inflation will remain within the target range. The bank has also been monitoring currency fluctuations in the foreign exchange market amidst challenges posed by potential tariffs.

Source: YAHOO

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