# Think tank: BSP rate hikes not meant to defend peso

> GlobalSource Partners economist Diwa Guinigundo said the central bank's 50-basis-point rate increase to 5.50% targeted inflation and inflation expectations, not the peso. The peso had hit a record low of 64.17 per dollar on October 27 and recovered to around 63 recently.

- Date: 2026-11-04 · published 2026-11-05T06:10:36.340Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/81203-think-tank-bsp-rate-hikes-not-meant-to-defend-peso
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

Rate hikes aimed at inflation rather than the currency suggest tighter Philippine monetary policy may persist even if the peso stays weak. Persistent peso weakness keeps imported feed costs elevated for local buyers.

## Sources

- philstar.com: https://www.philstar.com/business/2026/11/05/2567866/think-tank-bsp-rate-hikes-not-meant-defend-peso

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