Institution: The Philippine central bank is expected to continue raising interest rates.

Analysts at Malayan Banking Berhad (Maybank) stated in a report that as policymakers try to anchor inflation expectations and curb the second-round effects of rising consumer prices, the Central Bank of the Philippines is expected to continue raising policy rates. With disruptions in energy supply in the Middle East, domestic fuel prices, transportation costs, and electricity prices are expected to increase rapidly. The central bank recently raised its inflation forecast for 2026 and 2027, citing factors such as the global increase in oil and fertilizer prices. Maybank predicts that the Central Bank of the Philippines will raise its policy rate from the current 4.75% to 5.00% by the end of 2026, and further increase it to 5.25% by the end of 2027.