# GlobalSource: BSP rate hike aimed at inflation, not peso

> 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.

- Date: 2026-11-04 · published 2026-11-04T09:10:39.441Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/79511-globalsource-bsp-rate-hike-aimed-at-inflation-not-peso
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-15 | [Fed rate hike draws mixed response from global markets](https://feedsoft.ai/events/70404-fed-rate-hike-draws-mixed-response-from-global-markets.md) | +1.1% | -0.5% |
| DXY | 2021-09-23 | [BoE sees growing case for rate rise as inflation to stay higher for longer \| Reuters](https://feedsoft.ai/events/45307-boe-sees-growing-case-for-rate-rise-as-inflation-to-stay-higher-for-longer.md) | +1.0% | -0.0% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| DXY | 2024-11-20 | [UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts](https://feedsoft.ai/events/27644-uk-inflation-jumps-to-2-3-underscoring-boe-s-stance-for-gradual-rate-cuts.md) | +0.8% | +1.0% |
| DXY | 2021-10-13 | [S.Korea's won and Philippine peso rise, U.S. inflation in focus \| Financial Post](https://feedsoft.ai/events/44799-s-korea-s-won-and-philippine-peso-rise-u-s-inflation-in-focus-financial-post.md) | -1.0% | -0.9% |

## Sources

- business.inquirer.net: https://business.inquirer.net/619523/globalsource-bsp-rate-hike-aimed-at-inflation-not-peso

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