The Philippine central bank is considering reducing interest rates further, according to Governor Eli Remolona.
Despite the uncertainty in the global economy following Donald Trump"s election victory, the bank is contemplating a quarter-point reduction in the key rate for December.
Looking ahead, Remolona suggested that the central bank may implement a series of cuts totaling 100 basis points throughout the next year.
This reflects the bank"s strategy to navigate the changing economic landscape while addressing domestic financial conditions.