# BSP less likely to keep tightening if output gap turns 'too negative'

> Philippine central bank Governor Eli Remolona said third-quarter GDP growth may have recovered modestly from the 2.3% post-pandemic low recorded in the second quarter. He added that a widening negative output gap could reduce the likelihood of further rate hikes.

- Date: 2026-11-03 · published 2026-11-03T15:13:25.346Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/77925-bsp-less-likely-to-keep-tightening-if-output-gap-turns-too-negative
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

A slower economy and possible pause in BSP tightening would weigh on Philippine feed demand growth and on the peso, while easing rate pressure could support import demand at the margin.

## Read by commodity

- USDPHP: neutral

## Sources

- bworldonline.com: https://bworldonline.com/top-stories/2026/11/03/791188/bsp-less-likely-to-keep-tightening-if-output-gap-turns-too-negative/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.