The Philippine central bank increased its benchmark interest rate for the first time in three-and-a-half years on Thursday, with an aim to curtail elevated inflation as domestic economic conditions started to rebound in the first quarter.
The Monetary Board decided to raise its benchmark overnight reverse repurchase facility rate by 25 basis points to 2.25 percent, the Bangko Sentral Ng Pilipinas said.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.