Mitsubishi UFJ Bank expects the Philippine central bank to raise rates twice more this year to 5.25%.

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汇通财经2026/06/19 04:48

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Michael Wan, Senior Foreign Exchange Analyst at MUFG, stated in a report that the Central Bank of the Philippines is expected to raise policy rates two more times this year, bringing rates to 5.25% by the end of 2026.
The bank noted that both the central bank's statement and the governor's tone at the press conference were slightly on the hawkish side; given that inflationary pressures remain strong, the central bank appears prepared to take monetary action to guide the CPI back toward its target level.
Regarding the exchange rate, MUFG maintains its current baseline forecast, expecting the USD/PHP to trade within the 60.00-61.50 peso range.

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Mitsubishi UFJ Bank expects the Philippine central bank to raise rates twice more this year to 5.25%.

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