# Tightening not to defend peso, ex-BSP official says

> Former BSP Deputy Governor Diwa Guinigundo said the central bank raised rates to fight inflation, not to defend the peso. The BSP surprised markets with a 50-basis-point hike to 5.5%, yet the peso still hit a record low of P64.17 per dollar on October 27.

- Date: 2026-11-04 · published 2026-11-05T00:11:53.205Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/80729-tightening-not-to-defend-peso-ex-bsp-official-says
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

Persistent peso weakness keeps import costs for Philippine feed buyers high despite higher interest rates. Tighter policy may slow domestic demand, which could weigh on local feed consumption.

## Sources

- manilatimes.net: https://www.manilatimes.net/2026/11/05/business/top-business/tightening-not-to-defend-peso-ex-bsp-official-says/2462143

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