Bangko Sentral ng Pilipinas

Philippines may need larger rate hike as inflation soars past 7%

The BSP has warned that a prolonged oil price shock could disanchor inflation expectations

The forecast, which is faster than the 4.1% in March, is also well above the central bank’s 2% to 4% target range

Philippine central bank sees inflation rising to three-year high

The Philippines imports nearly all its oil needs from the Middle East

“The inflation outlook has deteriorated amid the ongoing conflict in the Middle East,” the Bangko Sentral ng Pilipinas said.

Philippine central bank hikes rate as war sends inflation past target

The latest move officially ends a lengthy easing cycle that began in August 2024

A survey by the Philippines' central bank shows the country's economy was on the verge of a potential economic turnaround before the Iran conflict.
ASEAN BUSINESS

Philippines’ businesses hoped to turn the corner in 2026 – then oil prices spiked overnight

Dire straits beckon as central bank holds unscheduled policy rate meeting amid fuel emergency

The Bangko Sentral ng Pilipinas said mounting risks to inflation require sustained vigilance.

Philippine central bank keeps rate at 4.25% as inflation risks rise

The bank says that to raise the rate will delay the recovery of the economy

The fate of the Strait of Hormuz, through which the majority of Asia’s all supply flows, remains mired in uncertainty.

Oil fears keep S-E Asia’s central banks on their toes as they mull over easing plans

Economists see rate hikes or delayed cuts as policy space wanes and stagflation looms

The Philippine central bank cut its key rate for a sixth straight time on Thursday to support growth.

Philippine central bank faces huge uncertainty in policymaking, says governor  

[MANILA] Philippine central bank Governor Eli Remolona on Friday reiterated that policymakers face a “large element of uncertainty” which could complicate decision-making. The Philippine central bank ...

The Bangko Sentral ng Pilipinas (BSP), the Philippine central bank, has reduced its target reverse repurchase rate by a quarter of a point to 4.25% on Thursday.

Philippines reduces rate as graft fallout continues to drag growth

Policymakers are banking on lower borrowing costs to help spur consumer and business confidence following a corruption scandal

GoTyme took more than two years after its launch in October 2022 before introducing its first lending product, a buy now, pay later service.

Philippines’ digital banks chase profits as regulator ups the stakes

Both GoTyme and Tonik have said they aim to become net profitable in the next year

A vendor counts earnings in pesos in Manila. BSP said the outlook for growth had weakened, while inflation was benign.

Philippine central bank cuts policy rate by 25 basis points to 4.5%

This is the fifth successive cut in the benchmark rate by the BSP