BSP cuts rate to over 3-year low of 4.5%

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) ended 2025 with another quarter-point rate cut, moving to bolster a slowing economy as a sweeping corruption crackdown drags down public spending and saps confidence, even as the central bank signaled that its easing cycle is nearing an end. The latest decision of the Monetary Board,