Bangko Sentral ng Pilipinas is likely to hike its policy rate by 75 basis points over the remainder of 2026, Goldman Sachs economists say. Headline inflation eased to 6.4% on year in June from 6.8% in May as fuel and food prices fell. "However, the broader inflation environment is less benign," they write in a note. Core inflation was higher than expected last month, suggesting that underlying price pressures persist despite the near-term relief from lower energy prices. (amanda.lee@wsj.com)