0625 GMT - The Philippines central bank could hike rates twice this year instead of cutting rates, Barclays economists write in a note. Policymakers would be concerned over economic challenges, which existed before the Middle East conflict broke out. However, the BSP may ease rates if the conflict de-escalates in the near term. Barclays's base case now is for the BSP to deliver one 25bp rate hike each in April and June. This is projected to be followed by three 25bp rate cuts in 2027 if global crude oil prices moderate. Barclays had previously expected the BSP to cut rates by 25 bps each in April and June 2026. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 02:25 ET (06:25 GMT)
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