The Philippine central bank hiked its key interest rates again by 25 basis points, as widely expected, and signaled further tightening as inflation is set to remain above the target in the near-term.
The Monetary Board the Bangko Sentral Ng Pilipinas decided to raise the key interest rate, which is the overnight reverse repurchase facility rate, by 25 basis points to 2.50 percent, effective June 24.
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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.