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2026-04-07 14:47:00
[UOB Raises Philippine Inflation Forecast to 5.5% in 2026, Expects Central Bank to Hold Rates Steady in April] (1) UOB economists said that the Philippines’ inflation rose more than expected in March, coupled with the ongoing disruption caused by the Middle East conflict, prompting them to raise their full-year CPI forecast to 5.5% (from 3.0%). Base effects and a weaker peso may further exacerbate price pressures. (2) Nevertheless, the Philippine central bank is likely to temporarily ignore supply-driven shocks and keep its policy rate at 4.25% in April. (3) Given that the country’s economy is still recovering from the public works scandal and the duration of the Middle East conflict is uncertain, the central bank is expected to prioritize maintaining growth and employment.
