The Bangko Sentral ng Pilipinas reduced its target reverse repurchase rate by 25 basis points to 5.50 per cent on 10 April 2025, its first cut of 2025 and the fourth since the easing cycle began in August 2024.
Philippine inflation slowed to 1.8% in March 2025, just below the BSP's 2 to 4 per cent target band, in the lead-up to the April decision.
FIRST CUT OF 2025 RESUMES EASING AFTER FEBRUARY PAUSE
The April reduction, which followed a surprise hold in February, resumes a BSP easing trajectory that began in August 2024.
The Monetary Board will hold its next policy meeting in June 2025.