Standard Chartered Bank economists Jonathan Koh and Edward Lee expect the Bangko Sentral ng Pilipinas (BSP) to raise its policy rate by 25 basis points to 5.25% in October, according to FX Street. This anticipated move is driven by broader inflation trends in September, rising oil prices, and depreciation of the Philippine Peso.
Looking ahead, Standard Chartered projects that the BSP may begin easing monetary policy in the third quarter of 2027 once inflation stabilizes within target levels. The central bank’s tightening cycle reflects efforts to manage inflationary pressures while supporting currency stability.
For Japanese investors, developments in Philippine monetary policy remain important given the growing trade and investment links between Japan and the Philippines, as well as the impact on regional currency and bond markets.