Growing expectations of a slow 2025 economic growth increased the odds of another interest rate cut at the Dec. 11 policy meeting of the Monetary Board, Governor Eli Remolona Jr. said on Wednesday.
Even so, Remolona told reporters that an easing move next week was ‘not assured’.
‘I think we all agree that for 2025, growth will be slow,’ he said.
‘We think maybe [growth will be] between 4 percent and 5 percent. But the recovery should start by 2026, maybe middle of 2026. And then we should be back on track by 2027,’ he added.