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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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.