Monetary Policy

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Saturday, 19 September 2026
27 Aug 2026
4:02PM

BSP extends tightening cycle with third straight interest rate hike

The latest increase extends the BSP's unexpected tightening cycle after officials spent much of last year projecting that 2026 would be a year of policy rate cuts. However, renewed inflation pressures, including higher global oil prices following the Iran conflict, forced the central bank to reverse course.
8 Jan 2026
4:12PM

Why Finance Secretary Go’s Monetary Board role matters now

Finance Secretary Frederick Go’s entry into the Monetary Board of the Bangko Sentral ng Pilipinas is more than a routine leadership change. It strengthens the policy bridge between Malacañang’s fiscal agenda and the central bank’s monetary decisions at a time when alignment between the two has become increasingly critical.
6 Jan 2026
4:18PM

Waiting for cheaper loans? Don’t bet on big BSP rate cuts this year

Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. on Tuesday signaled limited room for further policy rate adjustments in 2026 despite a benign inflation rate environment, reiterating the regulator’s mantra that any adjustment will be data dependent.
9 Oct 2025
3:47PM

Corruption-induced economic weakness prompts 4th straight BSP rate cut

The central bank chief cited a “benign” inflation outlook that remains well within its target range and said inflation expectations “remain well-anchored.” With price pressures easing, policymakers saw room to support economic activity without threatening price stability.
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.
4 Jan 2025
8:31AM

QUICK LOOK: BSP reduces 2025 monetary policy meetings to bimonthly schedule

The change will allow more robust forecasting and sector expert engagement to refine policy decisions, the central bank said.
19 Dec 2024
6:04PM

BPI economist: Central bank has room to cut rates by 50 bps in first half of 2025

Bank of the Philippine Islands lead economist Emilio Neri Jr. said that the BSP has room for further monetary easing in the first half of 2025, provided no significant supply shocks disrupt the inflation trajectory.
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.
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