The Philippine central bank's decision to keep its key policy rate steady was its way of hedging against global uncertainties, its governor said on Friday.

The Philippine central surprised markets by keeping its policy rate on hold, pausing its easing cycle and signaling increased caution as macroeconomic risks mount.

Eli Remolona, governor of Bangko Sentral ng Pilipinas, attributes the decision to uncertainty. Hegseth reins in demands on Ukraine amid allies’ outcries How Much McDonald's Franchise Owners Really Make Per Year Chiefs give Travis Kelce deadline on decision to retire: report The greatest 'Star Trek' episode of all time,

The Bangko Sentral ng Pilipinas (BSP) kept its policy rate unchanged, citing global uncertainties, with Governor Eli Remolona hinting at possible 50 basis point cuts in 2025. The unexpected decision reflects concerns