Bangko Sentral ng Pilipinas raises policy rate 50 basis points to 5.50%
Bangko Sentral ng Pilipinas raised its benchmark interest rate by 50 basis points to 5.50% on October 22, 2026, marking its fourth consecutive increase. The move exceeded the 25-basis-point increase expected by all 27 economists surveyed in a Reuters poll.
Reuters explicitly reports that Bangko Sentral ng Pilipinas raised its policy rate by 50 basis points to 5.50%, versus a 25-basis-point expectation from all 27 economists surveyed. This is a new, quantified monetary-policy action with forward implications for Philippine interest rates, the peso, credit conditions, and domestic demand, warranting high importance and surprise scores. The exact decision time is not stated; the timestamp therefore represents a date-level UTC estimate rather than the source publication time, with reduced timestamp confidence. BDO is approved because the provided context explicitly links a further BSP hike to bank net interest margins and identifies BDO as a relevant bank exposure, while no other stakeholder with an exact symbol has comparable support.
The Philippine central bank raised its key interest rate by 50 basis points to 5.50% on Thursday, its fourth consecutive increase and larger than the market expected.
All 27 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its benchmark rate (PHCBIR=ECI) by a quarter of a percentage point.