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Philippines central bank hikes rate to contain inflation

The Philippine central bank increased its main interest rate by 25 basis points to address ongoing inflation, which has been primarily driven by high fuel prices linked to the Iran war. The central bank continues to implement tighter monetary policies to control inflation.

Economy

Price level rise still above target, but pace is slowing

Recent inflation in the Philippines is driven largely by high fuel prices brought on by the Iran war. (Photo by Ken Kobayashi)

RAMON ROYANDOYAN

June 18, 2026 16:01 JST

Updated on June 18, 2026 18:12 JST

MANILA -- The Philippine central bank raised its main interest rate by 25 basis points on Thursday as it continued to tighten monetary policy to rein in inflation driven by high fuel prices.

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Source document: Philippine central bank raises interest rate

1 reports

Nikkei AsiaIndependent🔒Center
Philippines central bank hikes rate to contain inflation

The Philippine central bank increased its main interest rate by 25 basis points to address ongoing inflation, which has been primarily driven by high fuel prices linked to the Iran war. The central bank continues to implement tighter monetary policies to control inflation.

Bias read (Center): The article presents factual information about the central bank's decision to raise interest rates without overtly favoring any political perspective. It focuses on economic factors such as inflation and fuel prices, providing a neutral account of the situation.

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  • organisation Philippine central bank raises interest rate

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  • organisationPhilippine central bank raises interest rate