# 'No rate cuts yet' | Philstar.com

> Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said the central bank is not yet considering rate cuts and remains in a tightening cycle to contain inflation. The BSP raised its benchmark rate 50 basis points to 5.50% on October 22, its fourth hike this year, and has raised rates 125 basis points since April.

- Date: 2026-11-03 · published 2026-11-03T18:11:22.835Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/78124-no-rate-cuts-yet-philstar-com
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

Continued tightening keeps Philippine borrowing costs high and the peso under pressure, which can dampen feed demand from local livestock and poultry producers. Inflation possibly reaching 8% from higher food and energy prices is a mild negative for feed-grain import demand.

## Read by commodity

- USDPHP: neutral

## Sources

- philstar.com: https://www.philstar.com/business/2026/11/04/2567620/no-rate-cuts-yet

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.