HSBC expects the Bangko Sentral ng Pilipinas (BSP) to keep interest rates high over the short term to rein in inflation.
"We see the Bangko Sentral ng Pilipinas keeping the policy rate above the 2014-18 average of 3.50 percent for quite some time to quell inflation expectations, incentivize saving and narrow the current account deficit," it said in a report.
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