Philippines: One more BSP hike expected in October - Standard Chartered
Standard Chartered Bank economists Jonathan Koh and Edward Lee now expect Bangko Sentral ng Pilipinas to raise its policy rate by 25bps to 5.25% in October, revising their previous call for a hold. They attribute the move to broader September inflation, higher Oil prices and Philippine Peso depreciation. The bank still anticipates easing from Q3-2027 once inflation returns to target.
BSP seen delivering one last hike
"We now expect Bangko Sentral ng Pilipinas (BSP) to raise its policy rate by 25bps to 5.25% in October, versus our previous expectation of a hold."
"Since then, core inflation has risen, oil prices have rebounded, and the PHP has depreciated further."
"The Fed’s September hike and further tightening by other central banks add to the case for another measured increase, even as growth remains soft."
"We therefore raise our end-2026 policy rate forecast to 5.25% from 5.00%."
"We still expect BSP to ease monetary policy once inflation falls back within the target range, likely in Q3-2027."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Pound climbs against the Japanese Yen as the BoJ gives no hike signal
Oil and AI chip imports drive U.S. August trade deficit to expand to 105.6 billions, reaching a 17-month high
The U.S. trade deficit widened to $105.6 billion in August, reaching its highest level since March 2025, with imports hitting a record $420.8 billion. This surge was mainly driven by a significant rise in semiconductor and capital goods imports due to AI data center construction. The larger-than-expected deficit led Goldman Sachs and the Atlanta Fed to lower their third-quarter GDP forecasts.
The New Zealand Dollar edges off its low as the US Dollar slips
Encompass Health Opens Rehabilitation Hospital in Bangor, Maine
05:57 PM EDT, 10/06/2026 (MT Newswires) -- Encompass Health (EHC) said late Tuesday it has opened the Encompass Health Rehabilitation Hospital of Bangor in Bangor, Maine and the 50-bed inpatient rehabilitation hospital is now accepting patients. The hospital offers essential rehabilitation services to help patients recovering from strokes, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions regain functional ability, independence and quality of life, the company said. Patients receive physical, occupational and speech therapy based on their individual needs.
Crypto prices
More
