MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) delivered another quarter-point interest rate on Thursday, extending its battle against inflation in hopes that the anemic economy could regain momentum later this year.
The Monetary Board, the top policymaking body of the central bank, raised the key rate guiding bank lending cost to 5 percent, the highest in over a year or since June 2025.
READ: Poll: BSP poised for rate hike despite growth concerns
Article continues after this advertisement
The decision brought the cumulative rate increases since the start of the BSP’s anti-inflation campaign in April to 75 basis points. FEATURED STORIES
