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Monthly Recap: BSP to outpace the Fed in rate cuts
Here are the key economic events in May 2025 and what to look out for ahead.
By Metrobank Research
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The tariff war continues to take a toll on the dollar despite ongoing negotiations.
Meanwhile, the Philippines’ gross domestic product in the first quarter continued to grow at a rate below the government’s full-year target, as the economy awaits further support from the Bangko Sentral ng Pilipinas (BSP).
In the US, the threat of tariffs continues to contribute to heightened uncertainty due to delays in implementation as well as trade deals beginning to manifest. As the US Federal Reserve remains keen on waiting for more clarity, the BSP appears poised to cut ahead.
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