Think tank: BSP rate hikes not meant to defend peso

November 5, 2026 at 1:01 AM (Asia/Manila) 1 min read Source: Philstar Biz

The Bangko Sentral ng Pilipinas should not be judged by the peso’s immediate reaction to its latest interest rate hike, as monetary tightening is primarily intended to contain inflation rather than defend a particular exchange rate, according to GlobalSource Partners.