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Business > Top Business
Balisacan cautions on rate hikes
By Ed Paolo Salting
Oct 20, 2022 12:26 am

INTEREST rate hikes will have to be carefully considered in the wake of President Ferdinand 'Bongbong' Marcos Jr.'s directive to defend the peso, Socioeconomic Planning Secretary Arsenio Balisacan said on Wednesday.

'Everyone is wondering when the US [Federal Reserve] will stop its hawkish stance and right now, everyone is expecting that there will be more [rate hikes] to come even before 2022 ends,' Balisacan told reporters at the sidelines of the 48th Philippine Business Conference and Expo.

Socioeconomic Planning Secretary Arsenio Balisacan

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