Philippine Bonds Extend Selloff on 50-Basis-Point Hike Bets Before June 18

2 articles · Updated · Bloomberg · May 13

Philippine sovereign bonds kept sliding as traders increasingly priced in a 50-basis-point policy rate increase at the central bank’s June 18 meeting.
April inflation, which accelerated at the fastest pace in three years, darkened the outlook for peso debt and drove expectations for a larger tightening move.
Three-month peso swaps climbed as high as 5.13%, signaling markets now see a half-point hike as the likely response.
A 50-basis-point increase would be the Philippines’ biggest rate hike since 2023, underscoring how sharply inflation concerns have shifted rate expectations.

As the Philippine peso plummets, what is the government's plan to stop the bleeding?

Can the Philippine central bank tame record inflation without crashing the economy?