The Bangko Sentral ng Pilipinas’ Monetary Board (MB) said over the weekend it reduced the frequency of its monetary policy stance meetings to six in 2025 from seven last year.
“This change to bimonthly intervals will enable more in-depth analysis of data updates and provide the BSP with greater scope for consultations with sector experts on its forecast assumptions,” the MB said in a statement.
The MB slashed its key interest rates by 75 basis points in 2024 to align its policy with the monetary easing by the US Federal Reserve and help support economic growth amid stabilizing inflation.
BSP Governor and MB chairman Eli Remolona Jr. also hinted that the monetary easing cycle would continue this year.
The BSP released the 2025 schedule for the MB meetings on the monetary policy stance, along with the publication dates for the Monetary Policy Report (MPR) and the highlights of the MB meetings on monetary policy.
The MB would hold its first policy meeting in 2025 on Feb. 20 and the rest on April 3, June 19, Aug. 28, Oct. 9 and Dec. 11. All meetings are scheduled on Thursdays.
It also announced the schedule of the releases of MB meeting highlights and monetary policy reports.
