Philstar – Business

British Chamber Welcomes Easing of Interest Rates

The Bangko Sentral ng Pilipinas trimmed its policy rate by 25 basis points to 4.25%, marking a cumulative 225‑basis‑point reduction since August 2024. The British Chamber of Commerce Philippines welcomed the move, arguing it will help revive economic growth and bring GDP expansion back toward the 5.5% target. The Asian Development Bank still projects Philippine growth at 5.3% for 2026, keeping the country the second‑fastest‑growing economy in Southeast Asia. The Chamber also highlighted expanding UK‑Philippines trade, especially in meat imports valued at £31.7 million, and urged use of the DCTS and CPTPP frameworks.