28/08/2026
BSP Raises Rates
The BSP increased its policy rate by 25 bps to 5.0%, while deposit and lending rates were adjusted to 4.5% and 5.5%, respectively.
While headline inflation has eased, the BSP remains cautious amid volatile oil prices and potential risks from El Niño-related food price pressures and wage adjustments. Core inflation also points to broadening price pressures, prompting the BSP to take preemptive action to keep inflation expectations anchored. Despite slower growth in the first half of 2026, the economy is expected to strengthen in the second half, supported by fiscal measures.
Source: Bangko Sentral ng Pilipinas