The Bangko Sentral ng Pilipinas (BSP) said Wednesday it expects a low inflation rate for April 2025, likely falling within the 1.3 to 2.1 percent range.
“Easing prices of rice, fish, fruits, and vegetables, favorable domestic supply conditions along with lower oil prices and the peso appreciation contributed to the downward price pressures for the month,” BSP said.
“These could be offset in part by the higher electricity rates and LRT-1 fares,” it said.
Inflation eased to 1.8 percent year-on-year in March from 2.1 percent in February.
Average inflation is expected to close at the low end of the government’s target range of 2 percent to 4 percent at 2.2 percent.
The BSP’s Monetary Board said it would continue to take a measured approach in adjusting the monetary policy stance in line with its price stability objectives conducive to balanced and sustainable growth of the economy and employment.
The Monetary Board on April 10 decided to reduce the BSP’s target reverse repurchase (RRP) rate by 25 basis points to 5.50 percent.
The interest rates on the overnight deposit and lending facilities were accordingly adjusted to 5.0 percent and 6.0 percent, respectively.
Darwin G. Amojelar
