Home›Forex›Central Banks›Standard Chartered expects BSP to hike 25 bps to 5.25%…

Standard Chartered expects BSP to hike 25 bps to 5.25% in October

The forecast shift is tied to broader September inflation, higher oil prices, and Philippine peso depreciation, according to Standard Chartered economists.

Reported · Written up by our desk · Central Banks

Standard Chartered Bank economists Jonathan Koh and Edward Lee now expect the Bangko Sentral ng Pilipinas to raise its policy rate by 25 basis points to 5.25% in October, reversing their prior call for a hold, FXStreet reported.

They linked the change to broader September inflation, higher oil prices, and Philippine peso depreciation, factors they say will keep pressure on monetary policy.

Standard Chartered still expects easing to begin in Q3 2027 once inflation returns to target, the report added.

More like this

Sources