Read this in The Manila Times digital edition.
FOLLOWING the headline inflation rate last month, reaching a fresh three-year high of 6.4 percent, Governor Felipe Medalla hinted on Friday that the Bangko Sentral ng Pilipinas (BSP) might increase interest rates aggressively once more.
He announced during a forum organized by the Federation of Filipino Chinese Chambers of Commerce and Industry Inc. that the most recent inflation reading clearly "raises the probability" of a central bank rate hike of 50 basis points (bps) "rather than 25 [bps]."
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