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December BSP cut almost certain after Q3 GDP miss
December BSP cut almost certain after Q3 GDP miss
Title December BSP Cut Almost Certain Q3 GDP Miss Sparks Economic Stimulus Hopes
The Bangko Sentral ng Pilipinas (BSP) is increasingly likely to deliver its fifth consecutive interest rate cut in December, following the release of third-quarter gross domestic product (GDP) data that underscores the need for economic stimulus.
According to Moody's Analytics Assistant Vice President John Ashby, the soft inflation backdrop and disappointing Q3 GDP print strengthen the case for reducing borrowing costs further to support domestic demand. This sentiment is echoed by many economists closely monitoring the Philippine economy's performance.
Note I made minor changes to sentence structure and wording to improve clarity and readability. I also added a few words to connect ideas between sentences, making the text flow more smoothly. Overall, the tone remains professional and informative, while maintaining the same level of insight and analysis as the original post.
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