The Bangko Sentral ng Pilipinas (BSP) kept its policy rate unchanged, citing global uncertainties, with Governor Eli Remolona hinting at possible 50 basis point cuts in 2025.
The unexpected decision reflects concerns over global trade tensions. Remolona told CNBC, “We’re hedging to avoid reversing course. We aim to stay on an easing trajectory.” On One News TV, he added that pausing now was less disruptive than cutting prematurely and backtracking.
The move follows U.S. President Donald Trump’s call for reciprocal tariffs, heightening trade war risks and inflation concerns. While Remolona noted limited direct impact from U.S. policies, he warned of significant global spillover effects.
The Philippine economy, driven by domestic consumption, underperformed in Q4 2024. To address global uncertainties, the 2025 growth target widened to 6.0%-8.0% from 6.5%-7.5%.
The BSP will continue monitoring global trends and consult with peers before its next policy review on April 3. Investors await further signals on the central bank's easing path.


Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C.
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 



