Bangko Sentral ng Pilipinas Price Stability

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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

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.

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.

With inflation on a target-consistent path, the current macroeconomic outlook supports a calibrated shift to a less restrictive monetary policy stance.

In Summary

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Video: Media Briefing