MANILA, Philippines — Analysts expect the Bangko Sentral ng Pilipinas (BSP) to deliver additional rate hikes in the coming months after kicking off a new tightening cycle, as inflation risks remain elevated and increasingly broad-based, according to a report from Citi.
Citi noted that the BSP's recent rate increase was a response to persistent price pressures, with inflation expected to stay above the central bank's target range in the near term. The report highlighted that risks are becoming more widespread, including from food and energy costs.
The BSP has not confirmed specific future moves, but market analysts anticipate further tightening to anchor inflation expectations. The central bank's next policy meeting is scheduled for May 2026.
