The Philippine central bank took an off-cycle monetary policy action on Thursday as it raised its key interest rate to anchor inflation expectations and to provide support to the currency.
The board of Bangko Sentral Ng Pilipinas, governed by Eli Remolona, decided to hike the target reverse repurchase rate by 25 basis points to 6.50 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.