STABLE. STRONG. STRATEGIC.BSP's role in building a more inclusive, resilient Philippine economy

Amid global headwinds and domestic pressures, the Bangko Sentral ng Pilipinas (BSP) continues to reaffirm its role as one of the country's most trusted institutions.

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In 2024 and 2025, the BSP launched bold reforms that made the Philippine economy more resilient, more digital, and more inclusive.

Navigating with Precision

Monetary policy was calibrated to ease from a peak of 6.5 percent in October 2023 to 5.25 percent by June 2025. This timely easing helps stimulate business activity and consumer confidence while keeping inflation in check.

The country's gross international reserves (GIR) stood at US$105.46 billion as of May 2025, providing an ample buffer to cover the country's import and external debt service requirements.

A Banking System That Delivers

The Philippine banking system continued to expand. As of April 2025, the total resources of the banking sector reached P26.9 trillion, reflecting a 5.5-percent year-on-year growth. During the same period, total loans rose to P15.3 trillion, marking a 10.0-percent growth, while total deposits reached P19.8 trillion, with a 4.0-percent growth.