Loading…
GlobalSource Partners analyst Diwa Guinigundo said the Bangko Sentral ng Pilipinas' recent 50 basis point hike to 5.5% was aimed at inflation rather than defending the peso. He called it misleading to judge monetary policy by the peso's immediate reaction, noting the currency recovered from record lows to about 63 per dollar after President Marcos's pledge to defend it.
Higher Philippine policy rates shape feed-importing demand and the peso's cost of dollar-priced grain and meal purchases. Central bank focus on El Niño food supply risks and oil prices signals ongoing inflation pressure in the Philippines.
business.inquirer.netIan Nicolas P. CigaralNov 4, 2026After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
