The central bank kicked off its easing cycle in August, and Governor Eli Remolona has signalled a preference for quarter-point cuts, instead of bigger reductions, unless the Southeast Asian nation’s economic growth “turns out to be worse than we thought”.
Philippine inflation slowed to a four-year low of 1.9% in September, putting the nine-month average at 3.4%, which is within the central bank’s forecast range. The economy grew 6.3% in April-June from a year ago, among the fastest in Asia.
