ANZ expects BSP to raise rates by 25 bps to 5.0% at Aug. 27 meeting
AI Market Summary
ANZ expects the Bangko Sentral ng Pilipinas to hike 25 bps to 5.0% despite weak growth, as inflation remains well above target. The note highlights Middle East-driven energy-price pressures and FX sensitivity among major Asian energy importers, reinforcing a hawkish regional bias. Near-term Jackson Hole signaling is viewed as limited, but higher oil-driven inflation risk remains a key macro headwind.
Impact level
● Low
Affected assets
NCCO1OILBRENT2USD/USDT+0.62%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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ANZ expects the Bangko Sentral ng Pilipinas to lift its policy rate by 25 basis points to 5.0% at its Aug. 27 meeting to rein in inflation that remains above target. While headline inflation has eased over the past three months, July inflation of 6.2% is still well above the central bank’s 3%–4% goal. The BSP has raised rates twice this year, leaving the benchmark rate at 4.75%.
