Monthly Recap: Monetary easing isn’t over
Philippine and US monetary authorities remain on an easing path.

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This month, policymakers decided to take their time in lowering policy rates.
Following the Federal Reserve (Fed)’s halt on rate cuts, the Bangko Sentral ng Pilipinas (BSP) also hit the pause button, opting to wait-and-see the impact of proposed global policies – particularly on trade.
Still, the BSP’s easing cycle continues. It later announced it will lower banks’ reserve requirement ratio while keeping the door open for measured rate reductions.