In the Philippines, the central bank has maintained its benchmark interest rate at 6.25% for the second consecutive meeting, aligning with market predictions. This decision is attributed to the nation’s continuing downward inflation trend. Headline inflation slowed for the fourth month to 6.1% YoY in May, marking the lowest rate since June 2022. Despite this, the economy is forecasted to remain stagnant, with moderating economic activities, implying that a rate cut in the near term is improbable.