BSP seen keeping interest rates high

By The Manila Times

Feb 18, 2023 12:24 am

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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

OFW remittances hit year high

Investment approvals top 2023 total as of mid-Sept

Deal to create telco tower firm completed

PH financial sector resources up 10.5% to P32.1T as of July

Remittance news lifts peso; PSEi highest in over two years

National rice inventory 14.4% higher in August

DTI aims for PH to be Asia's top logistics hub