Philippines: One more BSP hike expected in October - Standard Chartered
Standard Chartered Bank economists Jonathan Koh and Edward Lee now expect Bangko Sentral ng Pilipinas to raise its policy rate by 25bps to 5.25% in October, revising their previous call for a hold. They attribute the move to broader September inflation, higher Oil prices and Philippine Peso depreciation. The bank still anticipates easing from Q3-2027 once inflation returns to target.
BSP seen delivering one last hike
"We now expect Bangko Sentral ng Pilipinas (BSP) to raise its policy rate by 25bps to 5.25% in October, versus our previous expectation of a hold."
"Since then, core inflation has risen, oil prices have rebounded, and the PHP has depreciated further."
"The Fed’s September hike and further tightening by other central banks add to the case for another measured increase, even as growth remains soft."
"We therefore raise our end-2026 policy rate forecast to 5.25% from 5.00%."
"We still expect BSP to ease monetary policy once inflation falls back within the target range, likely in Q3-2027."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Evogene announces special shareholder meeting
Evogene will hold a special general meeting of shareholders in Rehovot, Israel on Nov. 10, 2026. Shareholders will vote on electing Oz Adler and Dr. Adi Zuloff-Shani to the board. Ballots will also cover the election of Itay Maroz and Shahar Zadok, subject to approval of a cooperation agreement. The meeting will also vote on a cooperation agreement between Evogene and L.I.A. Pure Capital and Invest-Pro Shukai Hon. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evogene Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-26-004722), on October 06, 2026, and is solely responsible for the information contained therein.
UK names 6 banks to lead first digitally native government bond
Altaris Completes Acquisition of Simulations Plus
02:57 PM EDT, 10/06/2026 (MT Newswires) -- Simulations Plus (SLP) said Tuesday that affiliates of Altaris have completed the acquisition of the company. The transaction price was $375 million, with each Simulations shareholder receiving $18.50 in cash per share, according to an earlier statement. As a result of the acquisition, Simulations said it has become a privately held company and its common stock will no longer trade on the Nasdaq Global Select Market.
Ondo Finance brings pre-IPO AI exposure on-chain — But there’s a catch
Crypto prices
More
