Fitch: Policy rate to peak at 6.5%

Feb 21, 2023 12:20 am

MONETARY authorities could increase key interest rates by another 50 basis points (bps) before calling a halt in the second half of the year, Fitch Solutions said.

'[W]e now think that interest rates in the Philippines will peak at 6.50 percent, upwardly revised from our previous forecast of 6.00 percent' the Fitch unit said in a February 17 commentary that was released on Monday.

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