BSP rate cut on Dec. 11 likely but ‘not assured’

MANILA, Philippines — The country’s darkening growth outlook, shaken by a corruption scandal that has sapped business and consumer confidence, has increased the chances of another interest rate cut before year’s end, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said. But with fresh data due ahead of the Monetary Board’s Dec. 11 meeting—including