Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said the inflation outlook remains manageable for the rest of the year, signaling a steady approach to monetary policy despite ongoing external uncertainties.
Speaking at the Economic Journalists Association of the Philippines (EJAP) Economic Forum 2025 on 11 August, Remolona noted that stable inflation, along with a 5.5 percent GDP growth in Q2, reflects the economy’s resilience even amid trade and policy headwinds.
“We see inflation as manageable,” the governor said, suggesting room for policy flexibility depending on how risks evolve.
Latest data from the Philippine Statistics Authority showed that annual inflation eased to 0.9 percent in July 2025—below expectations and marking the lowest since October 2019. This decline was driven by falling prices in food, beverages, and transport.
However, core inflation edged up slightly to 2.3 percent, its highest in five months, indicating underlying price pressures remain.
The BSP’s policy stance is expected to remain data-dependent, with Remolona emphasizing the need to balance inflation control with supporting economic growth.
