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 - February 2024

The BSP kept the target reverse repurchase rate at 6.50%

The latest risk-adjusted inflation forecast for 2024 eased to 3.9 percent from 4.2 percent in the previous meeting in November 2023.

The country's growth momentum remains intact over the medium term.

Economic activity could moderate in the near term as the full impact of the BSP's prior monetary policy tightening continues to manifest.

In Summary

English Filipino Cebuano Ilokano

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Video: Media Briefing