The BSP has cut the Target RRP rate by 25 basis points to 5 per cent, with deposit and lending rates set at 4.5 per cent and 5.5 per cent.
Inflation forecasts remain stable, with 2025 at 1.7 per cent.
While domestic demand is strong, global uncertainties may impact growth. BSP will monitor risks and adjust policy as needed, maintaining its commitment to price stability and sustainable economic growth.