President Ferdinand Marcos Jr. met with BSP Governor Eli Remolona to discuss the October 2025 monetary policy decision and the country’s economic outlook.
The BSP reported inflation easing to 1.7%, with the bottom 30% of households at –0.4%, prompting the Monetary Board to cut the policy rate to 4.75% to boost borrowing and demand.
Remolona said the outlook is strong enough to support the rate cut, with inflation projected at 3.1% in 2026 and 2.8% in 2027.
Despite weak growth in 2025, the economy is expected to recover by 2026 and return to target levels by 2027.
Marcos Jr. reaffirmed his commitment to maintaining stability and supporting broad-based growth.IMT
