The outlook for inflation is broadly unchanged. The inflation forecast for 2025 settled at 1.7 per cent. The forecasts stand at 3.3 per cent for 2026 and at 3.4 per cent for 2027. Inflation expectations also remain well-anchored. Meanwhile, possible electricity rate adjustments and higher rice tariffs could raise inflationary pressures over the policy horizon.
The Monetary Board noted that domestic demand remains firm, but global economic activity continues to be weighed down by the impact of US policies on trade and investment. This could temper the economic outlook for the Philippines, according to the BSP.
Emerging risks will continue to require close monitoring, and the Monetary Board will adjust monetary policy in response to evolving conditions in inflation and growth.
Looking ahead, the BSP remains committed to safeguarding price stability while ensuring that monetary policy settings support sustainable economic growth and employment.
ALCHEMPro News Desk (RR)
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