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Economy
5 MIN READ
Monthly Recap: Moving in tandem
Here’s how December went and what to watch out for.
December 23, 2024
By Metrobank Research
By Metrobank Research
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The year is about to end, and monetary policy easing is still in full swing.
Central bankers the world over have been adjusting policy from this year to cushion domestic and global risks. In the Philippines, a continued push to liven up the economy is expected.
Look back:
- Data released this month showed headline inflation quickened in November. Still, it came in line with estimates and was within the Bangko Sentral ng Pilipinas’ target.
- The US Federal Reserve (Fed) reduced rates by 25 basis points. The signal as 2025 approaches? A less hawkish stance.
- The BSP moved in lock step with the Fed, and its governor hinted at another rate cut as early as the first meeting in 2025.
- Given the recent peso depreciation, BSP reiterated it’s not targeting a specific currency level and is looking at how