More BSP rate hikes seen as inflation risks persist (opens original article in a new tab)

Foreign banks anticipate additional Bangko Sentral ng Pilipinas rate hikes as inflationary pressures persist, with the central bank raising its benchmark interest rate to 4.75% and forecasting higher inflation for 2026 and 2027.

• Foreign banks predict more BSP rate hikes due to persistent inflationary pressures.
• BSP raised benchmark interest rate to 4.75% and forecasts higher inflation for 2026 and 2027.
• Maybank and DBS expect another 25-basis-point hike in 2026, while Citi and Nomura see two more hikes this year.
• Global oil prices and El Niño conditions may influence future BSP monetary policy decisions.