The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The Philippine central bank resumed its policy easing on Thursday, by cutting the rates by a quarter-point to address the challenges posed by trade tariffs to the domestic economy.
The Monetary Board of the Bangko Sentral ng Pilipinas decided to reduce the Target Reverse Repurchase rate by 25 basis points to 5.50 percent.
The interest rates on the overnight deposit and lending facilities were accordingly reduced to 5.0 percent and 6.0 percent, respectively.
The bank had paused its policy easing in February after cutting it for three straight times.
".the more manageable inflation outlook and the risks to growth allow for a shift toward a more accommodative monetary policy stance," the bank said today.
The bank downgraded its inflation forecast for the current year to 2.3 percent from 3.5 percent. Meanwhile, the projection for 2026 was reduced to 3.3 percent from 3.7 percent.
At the same time, the risk-adjusted inflation forecast for 2027 remained at 3.2 percent.
While inflation expectations remained within the target, the more challenging external environment could dampen global growth and pose downside risk to domestic economic activity, policymakers observed.
"Looking ahead, the BSP will continue to take a measured approach in deciding on further monetary easing," the bank added.
With inflation set to remain under control, the central bank is likely to loosen policy further over the coming months and by a bit more than most analysts expect, Capital Economics economist Joe Maher said.
