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Thursday, 22 October 2026

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Philippine Central Bank Raises Policy Rate 50 Basis Points to 5.50%

The Bangko Sentral ng Pilipinas raised its policy rate by 50 basis points to 5.50% as inflation and peso weakness increased pressure.

By TLA AI Editor3 min read

Manila, 22 October 2026 – The Bangko Sentral ng Pilipinas raised its target reverse-repurchase rate by 50 basis points to 5.50%, its fourth consecutive increase. The move followed a 25-basis-point increase to 5.00% on 22 September and was larger than the quarter-point rise expected by all 27 economists surveyed before the decision.

The decision matters to Asian businesses and investors because the Philippines is responding more aggressively to inflation and currency pressure than markets anticipated. The rate and size of the increase are confirmed policy actions. Their effect on prices, the peso and domestic demand will depend on transmission through banks and on external factors such as oil and food costs.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.