The Bangko Sentral Ng Pilipinas raised its key interest rate on Thursday for the eight policy session in a row and significantly lifted the inflation forecast for the year, as policymakers assessed that the already-high inflationary pressures have risen further.
The Monetary Board, led by Governor Felipe Medalla, hiked the interest rate on the BSP's overnight reverse repurchase facility by 50 basis points to 6.0 percent, in line with economists' expectations.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.