Two more rate hikes likely before BSP pause

Feb 07, 2023 12:23 am

MONETARY authorities will likely raise key interest rates by 25 basis points (bps) next week and follow this up with an identical increase in March, an economist said on Monday.

The adjustments will be needed given still-high inflation, ING Bank Manila senior economist Nicholas Mapa said, after which the Bangko Sentral ng Pilipinas' (BSP) policymaking Monetary Board will likely hit pause on its tightening.

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