50-basis-point hike doubles what economists had predicted
The rate hike comes as the Philippine economy reels from the global energy shock. (Photo by Konosuke Urata)
RAMON ROYANDOYAN
October 22, 2026 16:00 JST
MANILA -- The Philippine central bank hiked interest rates by 50 basis points to 5.5% on Thursday, extending its tightening cycle to rein in inflationary pressures as fuel prices remain high.