BSP cuts interest rate ahead of expectations

The Bangko Sentral ng Pilipinas (BSP) made a preemptive reduction in its interest rate by 25 basis points to 3.75%, ahead of market expectations.

This decision, aimed at supporting market confidence in the face of manageable inflation, marks a shift from relying solely on lagging economic data.

Governor Benjamin Diokno stated that the move is intended to be 'ahead, rather than behind the curve.'.