Heurist Finance

Philippine central bank hikes policy rate 50 bps to 5.5% on fuel-driven inflation

Nikkei Asia ·
Philippine central bank hikes policy rate 50 bps to 5.5% on fuel-driven inflation
  • The Philippine central bank raised its key rate by 50 basis points to 5.5% on October 22, 2026, extending its tightening cycle.
  • The 50 basis point move doubled what economists had predicted.
  • The hike aims to rein in inflationary pressures as fuel prices remain high.
  • The article reports the Philippine economy is reeling from the global energy shock and inflation is weighing on growth.

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