Philippine Central Bank Likely to Raise Rate in April -- Market Talk
Dow Jones03-20 09:30
0130 GMT - The Philippine central bank is likely to raise its policy rate by 25 bps in April due to the energy price shock caused by the Iran war, say JPMorgan economists. They previously forecast two 25bp cuts in 2Q. The central bank "has historically delivered prompt tightening to keep inflation expectations anchored," they say in a note. Energy price shocks historically led to inflationary pressures in the Philippines, and "this time will be no different," they say. Food inflation could also be pushed up further due to gains in various input costs such as logistics and fertilizers.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 21:30 ET (01:30 GMT)
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