[Capital Economics: The Philippine Central Bank's Rate Hike Cycle Has Limited Room and May Reverse Next Year] According to a report by Jinse Finance on June 29, Capital Economics stated that the Philippine Central Bank's rate hike cycle has limited room for further advancement and is likely to reverse next year. Following a slowdown in growth during the first quarter, the Philippines' economic recovery may be sluggish, partly due to the initial impact of the global energy shock. Amid rising energy prices, inflation has also surged significantly in recent months. Currently, Capital Economics expects the Philippine Central Bank to raise rates by at least another 25 basis points to 5.00%, as the bank is focused on addressing the threats posed by high inflation. However, concerns over the weakness of the Philippine economy may prompt the central bank to adopt a wait-and-see approach soon and potentially begin cutting rates from early 2027.