Philippines hikes rates to manage Iran energy shock inflation

MarketsThe challenge lies in tamping down inflation without slowing economic growthInflation has averaged 5% for the first seven months of the year, above the central bank's 2% to 4% comfort zone. (Photo by Yuichi Shiga)RAMON ROYANDOYANAugust 27, 2026 16:03 JSTMANILA -- The Philippine central bank raised interest rates by 25 basis points on Thursday to rein in inflation despite weak economic growth.