The Philippine central bank is poised for further rate cuts, with Governor Eli Remolona indicating a potential quarter-point reduction in December. He also suggested the possibility of cumulative cuts totaling 100 basis points next year, despite uncertainties stemming from Donald Trump"s election win.
The Philippines is enhancing its capital market by reintroducing interest rate swaps and expanding bond repurchase agreements to create alternative loan pricing benchmarks. This initiative aims to support financing for major projects, including a potential nuclear facility revival and infrastructure development, while reducing reliance on bank loans. Bangko Sentral ng Pilipinas Governor Eli Remolona is leading these efforts to sustain the country's rapid economic growth.
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