Price pressures would narrow the space for further monetary easing at a time when economic momentum remains weak. The central bank said its policymaking Monetary Board will keep a close eye on incoming data, specifically on inflation. “We are watchful of the recent developments in the Middle East for their implications on near-term inflation and economic activity,” the BSP said in a statement. Inflation is expected to accelerate anew in coming months as the Iran war deepens, risking a sustained disruption in global oil supply. BSP Governor Eli Remolona last month said monetary policy “cannot do much more” to support economic growth at this point.

Source: The Edge Markets March 05, 2026 04:37 UTC