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.


Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty
China Home Prices Rise in January as Government Signals Stronger Support for Property Market
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
Thailand Economy Faces Competitiveness Challenges as Strong Baht and U.S. Tariffs Pressure Exports
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S.
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 



