The Bangko Sentral ng Pilipinas (BSP) has pledged to implement necessary measures to stabilize prices after April inflation reached a three-year high of 7.2%. This figure significantly exceeded the central bank’s forecast of 5.6% to 6.4% and the 4.1% recorded in March. BSP Governor Eli M. Remolona, Jr. emphasized the institution's commitment to returning inflation to its 3% target. Analysts suggest the central bank may pursue aggressive interest rate hikes, potentially exceeding 25 basis points or occurring during off-cycle meetings, to combat persistent second-round effects. While concerns regarding domestic growth remain, the BSP maintains that price stability is its primary mandate. The Monetary Board is scheduled to convene next on June 18 to evaluate further policy adjustments amid rising energy and input costs.