PHILIPPINE C.BANK raised its benchmark rate 25bps to 4.75% in a second consecutive hike, matching 23 of 30 economists in a survey (seven had expected 50bps). The move follows a temporary US–Iran peace deal to reopen the Strait of Hormuz, but Asian central banks remain on a tightening path: BANK OF JAPAN raised its policy rate Tuesday and signalled further hikes, and markets expect Bank Indonesia to follow on Thursday. The Philippines is almost entirely dependent on Middle East oil imports and is

PHILIPPINE C.BANK raised its benchmark rate 25bps to 4.75% in a second consecutive hike, matching 23 of 30 economists in a survey (seven had expected 50bps). The move follows a temporary US–Iran peace deal to reopen the Strait of Hormuz, but Asian central banks remain on a tightening path: BANK OF JAPAN raised its policy rate Tuesday and signalled further hikes, and markets expect Bank Indonesia to follow on Thursday. The Philippines is almost entirely dependent on Middle East oil imports and is among the most exposed; inflation eased to 6.8% last month but stays above the 2%–4% target band. The government warned domestic fuel prices may take up to a year to return to pre‑conflict levels.