The Bangko Sentral ng Pilipinas (BSP) is closely monitoring the impact of the Middle East conflict on Philippine inflation and the economy ahead of its monetary policy meeting on April 13, 2026.
The BSP said in a statement that it hopes for the safety of overseas Filipino workers and other civilians as the conflict continues.
As price stability remains its primary mandate, the BSP said it is assessing how higher oil prices may influence the cost of fertilizer, transport fares and general inflation.
It said that in addition to price pressures, the BSP is tracking the effects on the country’s current account, specifically regarding trade and remittances.
The BSP also noted it is watching financial markets for potential disruptions caused by the regional instability.
Regarding the peso, the BSP said it operates in the foreign exchange market to smooth excess volatility and maintain orderly conditions.
This approach follows a flexible exchange rate policy where intervention is limited to tempering large swings that could affect inflation rather than defending a specific price level, it said.
The BSP said its future policy decisions will be driven by data.
“Ahead of the monetary-policy meeting on April 13, 2026, the BSP is closely monitoring the impact of the Middle East conflict on Philippine inflation and the economy,” the BSP said.
