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BSP further eases interest rates in April
The Freeman
|April 12, 2025
The Bangko Sentral ng Pilipinas (BSP) Monetary Board cut its key interest rate by 25 basis points.
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In a briefing on Thursday, April 10, BSP Governor Eli Remolona announced that the policy rate was reduced to 5.50% from 5.75%, the level set during its last meeting in February.
Following the adjustment, the rates for the overnight deposit and lending facilities were also revised to 5.00% and 6.00%, respectively.
The BSP said the rate cut was prompted by easing inflation risks, allowing for “a shift toward a more accommodative monetary policy stance.”
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