Bangko Sentral chief flags August rate hike

Jul 21, 2018 1:03 am

Inflation likely hit new five-year high of 5.3% in July – Finance dept

Monetary authorities could order another policy rate hike next month given the peso’s weakening and demand-side pressures on inflation, the chief of the Bangko Sentral ng Pilipinas (BSP) indicated on Friday.

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