Philippines: an end to the tightening cycle

The central bank in the Philippines (BSP) today left interest rates unchanged (at 6.25%) but stated it was ready to resume its tightening cycle later in the year.  However, with inflation falling back and headwinds to the economy mounting, we expect rates to be left unchanged for the rest of 2023, with cuts likely early next year.  

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.