THE Bangko Sentral ng Pilipinas (BSP) today could raise interest rates, likely for the last time this year, as it balances persistent inflation risks against slowing economic growth “Our economists are expecting BSP to hike, probably its last hike in the hiking cycle while GDP (gross domestic product) growth slowed,” Bank of America (BofA) said in a commentary on Wednesday. The central bank’s policymaking Monetary Board, which has raised key interest rates twice to tame inflation, will lik
THE Bangko Sentral ng Pilipinas (BSP) today could raise interest rates, likely for the last time this year, as it balances persistent inflation risks against slowing economic growth “Our economists are expecting BSP to hike, probably its last hike in the hiking cycle while GDP (gross domestic product) growth slowed,” Bank of America (BofA) said in a commentary on Wednesday. The central bank’s policymaking Monetary Board, which has raised key interest rates twice to tame inflation, will likThis article was originally published by The Manila Times.
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