Higher inflation seen delaying BSP policy rate cuts

MANILA, Philippines — A higher inflation outlook this year could keep the Bangko Sentral ng Pilipinas (BSP) on a tighter monetary policy path for longer, delaying the start of its rate-cutting cycle until the fourth quarter of 2027. In two separate reports, Nomura economists said they raised their full-year 2026 inflation forecast to 5.9 percent from