Philippine Inflation Seen Staying Above 6% Through 2026
The Philippine Congressional Policy and Budget Research Department (CPBRD) forecasts inflation to remain above government targets through 2026, potentially exceeding 7% in the latter half of the year. Key drivers include rising food and energy prices and global geopolitical instability.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Filipinos Open to Credit Despite Economic Woes
Despite concerns over inflation and rising living costs, Filipinos are showing increased comfort with credit, reaching a record high in acceptance. While expectations for personal finances have weakened, there's a growing trend of using credit as a tool. However, challenges persist among the unbanked and in financial literacy.
- Peso Nears 62:$1 Amid Geopolitical Tensions and Rising Oil Prices
The Philippine peso is nearing the 62-per-dollar mark, driven by renewed geopolitical tensions and rising crude oil prices that are prompting a flight to the safe-haven dollar. The Bangko Sentral ng Pilipinas may consider intervention if the rate breaches this level.
- EastWest Bank Projects Slower Loan Growth Amid Risk Management Focus
EastWest Banking Corp. anticipates a slowdown in loan growth to the high single-digit to low-teen range this year, citing elevated credit costs and macroeconomic uncertainties. The bank is tightening consumer credit selectivity and shifting lending towards lower-risk segments like mortgages and SME loans.
- High Inflation, Slowing Growth Challenge Philippines' Poverty Reduction Goals
Despite progress in poverty reduction, high inflation and slowing economic growth are complicating efforts to reach the Philippines' single-digit poverty rate target by 2028. Lower-income households are disproportionately affected by rising food and energy prices, making purchasing power protection and job creation urgent priorities for the government.