Marcos: No room for complacency in ensuring stronger economic position for 2025

The Philippine government should not be complacent when it comes to ensuring a stronger economic position for 2025, President Ferdinand “Bongbong” Marcos Jr. has said.

On Monday, Marcos had a meeting with the economic managers wherein they concluded that the Philippines is “entering 2025 in a stronger position than at this time last year.”

However, Marcos said complacency should not be an option given that upside risks to inflation still persist.

“It’s always good to be prepared,” Marcos said during the meeting.

Still, the prices of basic commodities are expected to increase due to supply-side factors such as geopolitical tensions and adverse weather conditions.

Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said the country was already seeing the fruit of our efforts “in bringing down inflation within the government’s target range of 2 to 4%.”

Remolona said this decline has allowed the BSP to begin reducing its policy rate, which it cut three times last year by a total of 75 basis points.

The BSP then vowed to continue focusing on maintaining price stability that is conducive to a balanced and sustainable growth of the economy and employment. —KG, GMA Integrated News