Rates hiked; more expected

Feb 17, 2023 12:20 am

MONETARY authorities raised key interest rates by 50 basis points (bps) on Thursday after inflation surged to 8.7 percent last month.

Analysts said the Bangko Sentral ng Pilipinas' (BSP) overnight repurchase, deposit and lending rates — now at 6.0 percent, 5.5 percent and 6.5 percent, respectively — could go higher given heightened inflation risks.

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