Philippine Central Bank Likely to Hike Rates Thursday, WSJ Poll Shows
Bangko Sentral ng Pilipinas will likely lift its rate 25 bps to 5.25% on Thursday, per all 11 economists in a WSJ poll. Core inflation picked up in September.
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what happened
The Bangko Sentral ng Pilipinas is widely expected to raise its policy rate by 25 basis points to 5.25% on Thursday. All 11 economists polled by The Wall Street Journal forecast the move, Market Talk reports.
Core inflation accelerated in September compared with August. Nomura analysts think the pickup points to second-round effects that could justify further tightening. They expect the central bank's statement and comments to stay hawkish, as inflation risks grow with the possibility of a strong El Nino in the coming months.
why it matters
A tighter policy stance in the Philippines could support the peso and local bond yields, but higher borrowing costs weigh on the economy and equities. For investors in Asian assets, the BSP decision will signal how regional central banks are responding to inflation risks.
market impact
Peso and Philippine bonds: expected tightening may support the currency and yields
tags
instruments
sources
- Philippine Central Bank Expected to Tighten, WSJ Poll Shows — Market Talk, 21 October 2026 at 02:37 UTC
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