Read this in The Manila Times digital edition.
THE Bangko Sentral ng Pilipinas (BSP) policy rate will likely peak at 5.75 percent by the middle of next year on account of above-target inflation, Fitch Solutions said on Monday.
The pace of adjustments is expected to slow from last week's 75-basis-point (bps) increase and the central bank's policymaking Monetary Board is expected to cap 2022 with a 50-bps hike on December 15.
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