BSP projects PH economic recovery in 2026

The Philippine economy is projected to recover in 2026 and meet its growth targets by 2027, according to the Bangko Sentral ng Pilipinas (BSP).

President Ferdinand "Bongbong" Marcos Jr. discussed the country's economic outlook and monetary policy with BSP Governor Eli Remolona.

The BSP noted that economic growth for the current year is expected to fall slightly below the government's targets.

This is attributed to a slowdown in government spending and the impact of recent typhoons, leading to a 4% GDP growth in the third quarter.

The Monetary Board has lowered the policy rate to 4.75% to encourage borrowing and stimulate economic demand.

With inflation forecasts of 3.1% for 2026 and 2.8% for 2028, the Philippines remains optimistic about achieving its inflation targets.

President Marcos reaffirmed his administration's commitment to economic stability and fostering conditions for sustained, broad-based growth for all Filipinos.