Interest Rates

10 Apr 2025

3:21PM

BSP cuts key interest rate by 25 bps to 5.5% as inflation outlook eases

BSP Governor Eli Remolona Jr. said the Monetary Board adjusted the overnight deposit and lending rates to 5 percent and 6 percent, respectively, reflecting the central bank’s shift toward a more accommodative stance, following months of stable price movements.

13 Feb 2025

4:36PM

Citing uncertain inflation, BSP defies dovish market bet by holding rates steady

The decision underscores the central bank’s cautious stance amid persistent inflation risks and global economic uncertainty.

16 Oct 2024

3:38PM

BSP trims key interest rate for second straight policy meeting amid muted inflation

The central bank chief said the Monetary Board’s decision reflects its assessment that inflation pressures remain under control.

2 Oct 2024

4:33PM

Fitch’s BMI: Big BSP cuts to bring rates down to pre-pandemic levels by 2025

By: Miguel R. Camus

Warning signs of a slowing Philippine economy may prompt the Bangko Sentral ng Pilipinas to implement “jumbo” cuts that would bring the policy rate back to the prepandemic level.

21 Aug 2024

8:39AM

VIEWS FROM THE PEAK: Much ado about cutting

The recent rate cut signals the end of tight monetary policy, driving the market up over 250 points in three days as investors return to equities.

16 Aug 2024

9:05PM

PSEi rallies 2.3% after rate cut, ICTSI touches all-time high

By: Miguel R. Camus

The Philippine stock market market reacts positively to the BSP's 25-basis point reduction.

5 Jul 2024

1:22PM

Metrobank forecasts lower 2024 inflation, BSP rate cut in October

Metropolitan Bank & Trust Co. sees 2024 inflation settling toward the lower end of its 3.3-3.6 percent target range and believes the Philippine central bank will hold off from cutting policy rates until its October 17 meeting.

4 Jul 2024

9:05AM

SMC sets P11.24-B bond payout on July 8

By: Miguel R. Camus

Tycoon Ramon S. Ang’s San Miguel Corp. is repurchasing P11.24 billion worth of bonds on July 8 from holders who chose to sell their securities ahead of maturity in 2027.

28 Jun 2024

4:42PM

Gloomy businesses see higher inflation, pricier loans contrary to BSP forecasts

Despite government assurances of declining inflation and interest rates, businesses expect price increases to keep accelerating and borrowing costs to rise in the third quarter of the year and the next 12 months.