Half-percent BSP rate hike seen next week

By Eireene Jairee Gomez

Dec 10, 2022 12:21 am

MONETARY authorities are all but certain to raise key interest rates by 50 basis points (bps) next week, analysts said, after inflation hit a 14-year high of 8.0 percent last month.

Domini Velasquez, chief economist at China Banking Corp., told The Manila Times that the Bangko Sentral ng Pilipinas' (BSP) rates needed to be adjusted anew given sustained consumer price growth.

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