Philippines Taux d'intérêt

The Central Bank of the Philippines lowered its benchmark interest rate by 25 basis points to 5.75% during its December 2024 policy meeting, marking the third consecutive rate cut and meeting market expectations. Recent data showed that the country's annual inflation rate rose to a three-month high of 2.5% in November 2024, up from 2.3% in the previous month and in line with market expectations. Inflation is projected to remain within the target range over the policy horizon, with a slight upward revision in the 2025 forecast to 3.4% from 3.3%, while the 2026 estimate remains steady at 3.7%. Meanwhile, domestic demand remained resilient, bolstered by easing inflation and an improving labor market. However, external challenges could weigh on growth prospects. Nevertheless, the Monetary Board emphasized its commitment to a cautious approach to monetary easing, aiming to ensure price stability while fostering sustainable economic growth and employment.