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Investing.com -- The Philippine central bank reduced its key policy rate by 25 basis points to 5.0% on Thursday, marking its third consecutive rate cut.
The Bangko Sentral ng Pilipinas (BSP) maintained its inflation outlook, projecting 1.7% for 2025, 3.3% for 2026, and 3.4% for 2027, describing its inflation perspective as "broadly unchanged."
Despite the rate reduction, the central bank cautioned about potential inflationary pressures from possible electricity and rice price increases.
The BSP emphasized that emerging risks would require continued monitoring.
In its statement, the central bank affirmed its commitment to economic stability, saying: "Going forward, the BSP will safeguard price stability by ensuring monetary policy settings are conducive to sustainable economic growth and employment."
The decision to lower rates aligns with market expectations and continues the BSP’s recent easing cycle.
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