Treasury & Capital Markets
Philippine central bank hikes rates by a ‘decisive’ 50bp
Inflation expected to accelerate further amid rising oil prices and transport fares, potential impact of El Niño on food costs
Patricia Chiu
22 Oct 2026
The Bangko Sentral ng Pilipinas ( BSP ) raised its benchmark interest rate by 50 basis points to 5.50% on Thursday ( October 22 ), stepping up monetary tightening amid strong inflation pressure and heightened risks to the price outlook.
