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The Manila Times
BSP raises key policy rates

The Bangko Sentral ng Pilipinas (BSP) raises key policy rates by 50 basis points on Oct. 22, 2026 amid expectations of higher inflation. BSP Governor Eli Remolona Jr. said during a press briefing that inflation was expected to accelerate further in the coming months. Benchmark rates now stands at 5.5 percent while those for its overnight deposit and lending facilities are at 5.0 percent and 6.0 percent, respectively.

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Transcript
00:00...to raise the BSD's key policy rate by half a percentage point to 5.5%.
00:09This is the fourth increase this year for a total of 125 racist points.
00:17We took this decisive option because we forecast that innovation will accelerate further in the coming months
00:26due to the oil crisis, transport failures, and the potential effects of El Dino on food prices.
00:57Ok, I'll see you next time.
01:02Ok, so, I'll check it out.
01:05Stay better.
01:05Please do not forget that.
01:06Here are the four other options.
01:07We have a lot of options.

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