The Bangko Sentral ng Pilipinas (BSP) on Thursday reported a deceleration in bank lending and liquidity growth in March, underscoring the central bank's careful approach to maintaining price and financial stability amid evolving economic conditions.
The Philippine economy grew by 5.4 percent in the first quarter of 2025, according to the Philippine Statistics Authority—a modest yet steady performance amid ongoing global uncertainty.
Outstanding Philippine government debt ticked up slightly to P16.684 trillion by end-March 2025, a 0.31 percent month-on-month increase, signaling stability rather than strain.
The country's gross international reserves (GIR) stood at USD104.6 billion as of end-April 2025, down from USD106.7 billion at the end of March, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP).
The Philippine labor market showed a slight increase in unemployment in March, with the jobless rate rising to 3.9 percent from 3.8 percent in February, according to the Philippine Statistics Authority (PSA).