Philippines: Inflation forecast lifted as BSP seen on hold – UOB

UOB economists Julia Goh and Loke Siew Ting report that Philippine headline inflation jumped above the BSP target in March, driven by higher transport, electricity and food costs and a weaker Philippine Peso (PHP). UOB economists Julia Goh and Loke Siew Ting report that Philippine headline inflation jumped above the BSP target in March, driven by higher transport… UOB economists Julia Goh and Loke Siew Ting report that Philippine headline inflation jumped above the BSP target in March, driven by higher transport, electricity and food costs and a weaker Philippine Peso (PHP). UOB economists Julia Goh and Loke Siew Ting report that Philippine headline inflation jumped above the BSP target in March, driven by higher transport, electricity and food costs and a weaker Philippine Peso (PHP). They have raised its 2026 inflation forecast and still expects the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) to keep its policy rate at 4.25% on 23 April and through 1Q27.Higher CPI and… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.