The Philippines will likely monitor how the US Federal Reserve adjusts its policy, especially as Donald Trump returns to the White House.
In a forum yesterday, Finance Secretary and Monetary Board member Ralph Recto said the government has created a more conducive environment for growth and investments after the Bangko Sentral ng Pilipinas (BSP) reduced key interest rates.
In August, the BSP moved ahead of the Fed and finally eased rates by 25 basis points. It delivered another rate cut of 25 basis points last month as inflation pressures receded.
Recto maintained that more rate cuts are expected in the coming months. But he said such a move will have to be reviewed given recent developments.
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Denne historien er fra November 08, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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JOHN LLOYD CRUZ CONSIDERS 'MONEYSLAPPER' ROLE HIS 'MOST SPECIAL' YET
Contrary to perhaps popular belief, John Lloyd Cruz isn't opposed to doing \"mainstream\" movies.
KathDen's 'Hello, Love, Again' premieres in 500 cinemas, holds midnight screenings
Kathryn Bernardo and Alden Richards were spotted hugging each other after the star-studded premiere of their highly anticipated reunion film, \"Hello, Love, Again.\"
Ethan Slater landing the role of Boq in 'wicked' has an element of magic to it
You could say that Ethan Slater's yellow brick road to getting cast in the big screen adaptation of \"Wicked\" had an element of magic to it.
HOW RICKY DAVAO FOUND HIS 'SILVER LINING' IN LOVE
Now that Derek Ramsay has a newborn daughter with his wife, Ellen Adarna, I suddenly remember what he told me a few years ago.
PHILIPPINE WINE MERCHANTS HOLDS 21ST GRAND WINE FESTIVAL AT MARRIOTT
The Philippine Wine Merchants holds the 21st Grand Wine Festival, Southeast Asia's biggest wine event, tomorrow at Marriott Grand Ballroom, Manila.
WINING & DINING IN HONG KONG
The Hong Kong Tourism Board (HKTB) recently presented the most anticipated food event in Asia.
THE LECHON SEASON IS HERE
Bo's Coffee shows me photos that look more suited to National Geographic than the Food Channel – images of rugged treks through hilly terrain, gathering with local coffee farmers in lush fields.
PAT CO: THE STORY OF AN HEIR AS A SPARE
I like Pat Go. There is something endearing about this boy-next-door chef.
MUY BUENO! FLAVORS FROM A SAN SEBASTIAN-TRAINED CHEF
Young chef Kennedy Alfonso enters towards the end of our 13-dish lunch at Bueno Tapas & Wine, red and white sangria in hand, to raise a toast.
DOE chief upbeat on natural gas bill
The possible enactment of a bill promoting the development of the natural gas industry by prioritizing the use of indigenous resources is a major step in ensuring energy security, a Cabinet official said.
