Medalla hints at 50-bps hike

By Mayvelin U. Caraballo

Aug 06, 2022 12:31 am

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].'

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Stronger 2025 growth expected

PDIC funds still 'very adequate'

Cemex Holdings Philippines Inc. gives notice of special stockholders' meeting

PH-EU trade talks to resume February

Inflation revival persists as risk

Recto: LGUs to get 'more or less' 35%

UAE's Masdar to develop green energy projects in PH