Nomura projects BSP will deliver a fourth consecutive rate hike to 5.25% on October 22
Question
Nomura projects BSP will deliver a fourth consecutive rate hike to 5.25% on October 22
Direct answer
Higher Philippine rates could support the peso and pressure domestic rate-sensitive equities and bonds.
- Original publisher
- Market Ontology
- Evidence through
- 2026-10-21
- Published
- 2026-10-21
- Revision
- 1 · 2026-10-21
Cite as: Market Ontology, “Nomura projects BSP will deliver a fourth consecutive rate hike to 5.25% on October 22”, revision 1, evidence through 2026-10-21. https://marketontology.com/market-events/2026-10-21/nomura-projects-bsp-will-deliver-a-fourth-consecutive-rate-hike-to-5-25-on-octob-561364
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| PHP | A higher expected policy rate improves the peso’s interest-rate differential and carry appeal. | Up1-5d | Nomura forecasts a 25-basis-point BSP hike to 5.25% amid 7.2% headline inflation. |
| PSEI | Higher borrowing costs increase the discount rate and weigh on domestic demand-sensitive shares. | Down1-5d | The projected hike would be the fourth consecutive increase, taking cumulative tightening to 100 basis points since April. |
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What happened next
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Sources
Related
- 2026-10-20Philippine peso falls to a record low as payments deficit widens and oil prices stay elevatedBSP POLICY RATE PHP/USD PSEI
- 2026-10-20Deutsche Bank forecasts a fourth consecutive BSP rate hike to 5.25% on October 22PHP/USD PSEI
- 2026-10-16Philippine National Bank expects Bangko Sentral ng Pilipinas to raise target rate to 5.25% next weekPHILIPPINE 2Y PHP PSEI
- 2026-10-15PNB expects Bangko Sentral ng Pilipinas to raise its target reverse repurchase rate by 25 basis points next weekPHP PSI
- 2026-10-15PNB expects Bangko Sentral ng Pilipinas to raise its target reverse repurchase rate by 25 basis points next weekPHP PSI
- 2026-10-13IMF warns Bangko Sentral ng Pilipinas faces a difficult policy trade-off as inflation and weak growth persistPHILIPPINE 10Y BOND PHP
- 2026-10-12Philippine inflation accelerates to 7.2% in September as core inflation reaches 4.7%PHP/USD PSEI
- 2026-10-12Philippine inflation accelerates to 7.2% in September as core inflation reaches 4.7%PHILIPPINES 10-YEAR BOND PHP/USD PSEI
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