TWO Bangko Sentral ng Pilipinas (BSP) policy rate hikes will not be enough to contain inflation and support the peso moving forward, BMI Research said.
“We expect the BSP to hike interest rates by a further 25bps to safeguard macroeconomic stability, which will take the benchmark RRP (overnight reverse repurchase) rate to 3.75 percent by end-2018,” the Fitch Group unit said in a report.
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