President Ferdinand Marcos Jr. met with Bangko Sentral ng Pilipinas Governor Eli Remolona to review the country’s economic outlook and the October 2025 monetary policy decision, the Presidential Communications Office (PCO) said on Thursday.
During their meeting on Wednesday, the BSP reported to Marcos ‘that inflation has eased to 1.7 percent, with inflation for the bottom 30 percent of households at -0.4 percent, allowing the Monetary Board to cut the policy rate to 4.75 percent to support more affordable borrowing for families and businesses.’ Remolona explained that they reduced the policy rate to stimulate more demand.
‘The good news is, the inflation outlook was good enough for the Philippines to be confident about reducing the policy rate. For 2026, the inflation forecast is about 3.1 percent, which is basically the target. In 2027, the inflation outlook is about 2.8 percent,’ the PCO said.
It also reiterated the economy’s expected recovery by 2026 and return to the government’s target range by 2027.
‘The President reaffirmed his commitment to safeguarding economic stability and creating conditions for sustained, broad-based growth for all Filipinos,’ said the PCO.