Philippines central bank hikes rate to contain inflation
Economy
Price level rise still above target, but pace is slowing
Recent inflation in the Philippines is driven largely by high fuel prices brought on by the Iran war. (Photo by Ken Kobayashi)
RAMON ROYANDOYAN
June 18, 2026 16:01 JST
Updated on June 18, 2026 18:12 JST
MANILA — The Philippine central bank raised its main interest rate by 25 basis points on Thursday as it continued to tighten monetary policy to rein in inflation driven by high fuel prices.
