Business

Philippine Central Bank Raises Rates for Third Straight Meeting

Published

2 hours ago

on

The Philippine central bank raised interest rates for the third straight meeting, taking preemptive action against rising inflation risks from a severe El Nino event and possible wage increases.

Bangko Sentral ng Pilipinas raised its benchmark overnight reverse repurchase rate to 5.00% from 4.75%, diverging from some regional peers including Bank Indonesia and Bank of Thailand, which left their rates unchanged.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Related Topics:

You must be logged in to post a comment Login

Leave a Reply

Cancel reply

Trending

Exit mobile version