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2026-04-07 14:40:56
[Goldman Sachs: Philippine Inflation Data Supports Rate Hike, Expects 50 Basis Point Hike in Q2] (1) Goldman Sachs economists stated that the Philippine March CPI data showed a significant rebound in energy-related inflation, providing a reason for rising core inflation and other fundamental price indicators, which supports a rate hike. (2) PMI data also showed that cost pressures are accumulating, partly due to the Middle East conflict. The price freeze agreement reached between the government and businesses for essential goods will only last until April 16, after which prices of daily consumer goods may generally rise. (3) Goldman Sachs continues to expect the Philippine central bank to raise interest rates by 50 basis points in the second quarter.
