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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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.