Philippine central bank Governor Remolona indicated that a rate cut might be possible within the year, though not likely in the first half. Despite easing inflation, the central bank maintains a cautious stance due to ongoing price threats. The key interest rate in the Philippines is near a 17-year-high of 6.5% after a significant tightening campaign. Remolona also mentioned that the country’s economic growth in Q4 2023 likely surpassed Q3, providing more room for policy adjustments.