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BSP Holds Rate at 4.25% Amid Inflation Concerns

3/27/2026

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Summary

Story summary

Bangko Sentral ng Pilipinas (BSP) kept the policy rate at 4.25% in an unexpected meeting.
Governor Eli Remolona cited inflation pressures from the Iran war and supply shocks.
The BSP raised its inflation forecast to 5.1%, well above the central target.
Despite 225 basis points of rate cuts since August 2024, the BSP aims to support a weak economy.
The next rate meeting is scheduled for April 23.

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Story summary

Bangko Sentral ng Pilipinas (BSP) kept the policy rate at 4.25% in an unexpected meeting.
Governor Eli Remolona cited inflation pressures from the Iran war and supply shocks.
The BSP raised its inflation forecast to 5.1%, well above the central target.
Despite 225 basis points of rate cuts since August 2024, the BSP aims to support a weak economy.
The next rate meeting is scheduled for April 23.