Tuesday, 13 May 2025
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.
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.
15 Aug 2024
3:23PM
BSP cuts interest rates by 25 basis points, first reduction since May 2022 tightening cycle
Gov. Remolona said that, while some risks such as potential increases in electricity rates and external factors remain, the Monetary Board believes that easing price pressures and strong economic conditions warrant a shift towards a less restrictive monetary policy stance.
6 Aug 2024
10:44AM
July price spikes? No worries, says BSP, as it predicts lower inflation for rest of 2024
The Bangko Sentral ng Pilipinas said on Tuesday that it expects the country’s inflation rate to ease for the rest of the year and into next year, after the government released official figures showing that prices of goods and services spiked in July.
25 Jul 2024
4:20PM
Ex-banker Walter Wassmer resigns from Lopez holding firm, joins Monetary Board
Newly appointed Monetary Board member and banking veteran Walter C. Wassmer resigned from the Lopez family’s conglomerate First Philippine Holdings.
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