President Bongbong Marcos met with Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona to discuss the central bank’s October 2025 policy decision and evaluate the country’s economic direction, the Presidential Communications Office (PCO) said on Thursday.
According to the BSP, headline inflation eased to 1.7%, while inflation for the bottom 30% of households fell to –0.4%. These conditions enabled the Monetary Board to cut the policy rate to 4.75% to make borrowing more affordable. Remolona said the adjustment was aimed at boosting demand.
“The inflation outlook was good enough for the Philippines to be confident about reducing the policy rate,” the PCO said.
The BSP also reported that inflation is projected to settle at 3.1% in 2026 and 2.8% in 2027, both within the government’s target range. Despite slow growth this year, the central bank told the President that a rebound is expected in 2026, with stronger expansion anticipated by 2027.
“The President reaffirmed his commitment to safeguarding economic stability,” the PCO said.