BSP’s Monetary Board cuts frequency of policy meetings

The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board is trimming down the frequency of its policy-setting meetings beginning 2025.

In a statement on Friday, the BSP said that monetary authorities have decided to adjust the number of its monetary policy stance meetings to six per year, starting in 2025, from the current seven meetings per year. 

“This change to bimonthly intervals will enable more in-depth analysis of data updates and provide the BSP with greater scope for consultations with sector experts on its forecast assumptions,” the central bank said.

Last year, the Monetary Board implemented three rounds of monetary easing for a total adjustment of 75 basis points —25 basis points each in August, October, and December.

Monetary policy or interest rates are among the tools used by central banks to stabilize inflation by controlling the money supply by raising borrowing costs.

For example, the BSP sets the overnight reverse repurchase rate or the key policy rate, in which the central bank borrows from banks to maintain price stability.

This, in turn, impacts the country’s money supply as it shifts money from banks into the central bank.

READ: Higher policy rates: How are you affected? 

Below is the BSP’s 2025 schedule for the Monetary Board meetings on the monetary policy stance, along with the publication dates for the Monetary Policy Report and the highlights of the meetings on monetary policy.