Barclays: Philippines inflation surged to 7.2% in April, central bank expected to hike rates three more times
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
(1) Brian Tan, Head of Non-China Emerging Markets Asia Economic Research at Barclays, stated in a research report that the central bank of the Philippines may further raise interest rates. The country's consumer inflation rate in April surged year-on-year to 7.2%. (2) Tan pointed out that April's data far exceeded expectations. Combined with the upward adjustment of the global crude oil price assumptions, Barclays has further raised its CPI forecast: it now expects the Philippines' overall inflation rate to average 6.3% in 2026 (previously 4.9%) and 3.8% in 2027 (previously 3.2%). (3) Barclays also predicts that the central bank of the Philippines will raise rates three more times, each by 25 basis points: an unconventional hike in May, followed by increases in June and August.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
BrightSpire Capital to redeem commercial real estate CLO on Oct. 19, 2026
Bitget•2026/09/21 21:15
Tredegar files Form 3 for CFO Cindy Yao as initial beneficial ownership statement
Bitget•2026/09/21 21:13
Netlist holds annual shareholder meeting in Irvine, California
Bitget•2026/09/21 21:05
Crypto prices
MoreBitcoin
BTC
$86,531.38
+6.69%
Ethereum
ETH
$2,776.26
+5.23%
Tether USDt
USDT
$0.9998
-0.00%
BNB
BNB
$805.42
+4.71%
XRP
XRP
$1.56
+11.31%
USDC
USDC
$0.9999
-0.02%
Solana
SOL
$119.54
+8.42%
TRON
TRX
$0.3443
+0.44%
Zcash
ZEC
$1,463.18
-3.25%
Hyperliquid
HYPE
$93.25
+0.10%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now