The Bangko Sentral ng Pilipinas (BSP) increased its reverse repurchase rate by 25bp to 4.75% to combat persistent inflation. ANZ anticipates two further hikes this year, reaching 5.25% by October 2026.
Key Takeaways
- 1.The Bangko Sentral ng Pilipinas (BSP) raised its policy rate by 25bp to 4.75% due to persistent inflation pressures.
- 2.ANZ expects two additional 25bp rate hikes by October 2026, reaching a terminal rate of 5.25%.
Table of Contents
- BSP signals gradual tightening bias
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Authors
Kausani BasakSanjay Mathur
Themes
Monetary Policy TighteningInflationary Pressures
Regions
Asia PacificPhilippines