Marcos meets with BSP’s Remolona to tackle PH economic outlook

President Ferdinand “Bongbong” Marcos Jr. has recently met with Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. to discuss the BSP’s recent policy actions to reduce interest rates and tackle the country’s economic outlook.

The meeting took place on Tuesday in Malacañang, according to a statement of the Presidential Communications Office (PCO) on Wednesday.

In December, the Monetary Board (MB) – the BSP’s highest policy-making body – decided to reduce the key policy interest rate to 4.5% from 4.75% in October 2025.

It further lowered interest rates on overnight deposits from 4.25% to 4% and on overnight lending facilities from 5.25% to 5%.

The BSP projected that economic growth would remain modest throughout the first semester of 2026 before a rebound in 2027, which will be partly supported by earlier policy easing.

On the other hand, the World Bank anticipated the country’s economic growth to recover in the next two years.

It projected a boost in private consumption if inflation stays low, employment remains strong, and monetary easing lowers interest rates, which will encourage businesses and households to spend and invest more. — JMA, GMA Integrated News