Back-to-back BSP rate hikes expected

By Anna Leah E. Gonzales

Jun 21, 2022 12:23 am

KEY interest rates will likely be raised anew this Thursday, Singapore-based DBS Bank Ltd. said, with the Bangko Sentral ng Pilipinas (BSP) looking to rein in above-target inflation.

'The BSP kicked off its monetary policy tightening cycle during its May meeting, and we expect further hikes under the new central bank leadership,' DBS Bank Ltd. economist Han Teng Chua said in research released on Monday.

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