0208 GMT - The Philippine central bank is expected to cut its policy rate by 25 bps on Thursday, Goldman Sachs' Yuting Yang and Hui Shan write in a note. They expect inflation to remain muted for the rest of the year. Headline inflation has fallen to a near six-year low and has remained below the BSP's 2%-4% target range for five consecutive months. Domestic activity also slowed in 2Q due to weaker government spending and investment growth, they say. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
August 24, 2025 22:08 ET (02:08 GMT)
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