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# Bangko Sentral ng Pilipinas Cuts Target RRP Rate by 25 Basis Points to 4.50%
- URL: https://www.theglobalbanker.com/bangko-sentral-ng-pilipinas-cuts-target-rrp-rate-25-basis-points-4-50-percent-december-2025/
- Published: 2025-12-11T14:22:00.000Z
- Updated: 2026-10-24T22:40:31.000Z
- Description: The BSP cut its target reverse repurchase rate to 4.50%, a three-year low, in what officials signalled may be among the final moves in the current easing cycle.
- Author: TGB Editorial Team
- Tags: Central Banks, Asia-Pacific, #archive

The Bangko Sentral ng Pilipinas reduced its target reverse repurchase rate by 25 basis points to 4.50% at its December 2025 monetary policy meeting, bringing the key rate to a three-year low. The decision, announced on 11 December, represents the eighth reduction since the BSP commenced its easing cycle in August 2024, adding up to a cumulative reduction of 200 basis points over that period.

The BSP has cut at eight of its nine meetings since August 2024.

#### FORWARD GUIDANCE

Alongside the rate reduction, the BSP indicated that the easing cycle is nearing its end. 

The easing since August 2024 was interrupted only by a pause in February 2025\. At 4.50%, the target RRP rate sits at its lowest since late 2022.

The BSP has consistently emphasised that all decisions will be made on the basis of the data available at the time rather than on a pre-committed schedule.