Philippine Central Bank Likely to Remain on Hold After Hiking in April -- Market Talk
Dow Jones03-23
0405 GMT - The Philippine central bank is expected to hike rates by 25 bps to 4.50% at its next policy meeting in April and remain on a prolonged hold thereafter, J.P. Morgan's Siddharth Jamad writes in a note. "We expect the adverse growth-inflation hit to be largest in the Philippines--the region's largest oil importer with heavy reliance on the Middle East," the economist says. Inflation is expected to already breach the official 2%-4% target range this month. J.P. Morgan lowers its 2026 growth forecast to 4.0% from 4.5%, but raises its inflation forecast to 4.0% from 2.5%.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 00:05 ET (04:05 GMT)
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