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August 2024
Monetary Policy Report
Snapshots


Related links:
Full report
Condensed version
Snapshots - English
Snapshots - Filipino
Snapshots - Cebuano
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The Monetary Policy Report (MPR) serves as the flagship BSP publication on monetary policy. The MPR provides the public a detailed view of the BSP's inflation forecast and guidance on the likely direction of monetary policy over the near term.

Monetary policy highlights - August 2024
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At its monetary policy meeting on 15 August 2024, the Monetary Board decided to reduce the BSP’s target reverse repurchase (RRP) rate by 25 basis points to 6.25 percent.
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The risk-adjusted inflation forecasts for 2024 and 2025 now stand at 3.3 percent and 2.9 percent, respectively. Meanwhile, the risk-adjusted forecast for 2026 is 3.3 percent.
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With inflation on a target-consistent path, the current macroeconomic outlook supports a calibrated shift to a less restrictive monetary policy stance.
In Summary
English Filipino Cebuano Ilokano
Video: Media Briefing


Related links:
Full report
Condensed version
Snapshots - English
Snapshots - Filipino
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