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2026-04-09 13:35:36
[Barclays: Philippine Central Bank Expected to Hold Rates No in April, May Raise by 25 Basis Points in June Following US-Iran Ceasefire] (1) Barclays economists say they no longer expect the Philippine Central Bank to raise interest rates in April following the US-Iran ceasefire. They now expect the central bank to maintain its current rates and focus on the economic impact of the Middle East conflict. (2) Policymakers may also be concerned about economic challenges that existed before the conflict began. (3) Barclays’ base case forecast is that the Philippine Central Bank will raise interest rates by 25 basis points in June, followed by a 25 basis point rate cut in February 2027, and another rate cut in April (previously expected to be three rate cuts).
