Marcos urges vigilance to strengthen Philippine economy for 2025

Philippine President Ferdinand Marcos Jr. emphasized the need for vigilance in strengthening the economy for 2025. He noted that the country is in a better position than last year but warned against complacency due to ongoing inflation risks. During a meeting with economic managers, Marcos acknowledged potential price increases from supply issues, including geopolitical tensions and weather impacts. Bangko Sentral ng Pilipinas Governor Eli Remolona reported progress in reducing inflation within the target range of 2 to 4%. The central bank has cut its policy rate three times in the past year to support economic stability.