Easing cycle: People lounge around against the backdrop of a sunset at Manila Bay. The inflation outlook and well-anchored expectations continue to support the BSP’ shift towards less restrictive monetary policy. — AFP
MANILA: The Philippine central bank pledges to maintain a “measured approach to monetary policy easing” as upside risks to inflation remain even after meeting the annual target for the first time in three years in 2024.
“The within-target inflation outlook and well-anchored inflation expectations continue to support the Bangko Sentral ng Pilipinas’ (BSP) shift towards less restrictive monetary policy,” the central bank said in a statement yesterday after the statistics agency reported that price gains averaged 3.2% in 2024.
