BSP to 'scale back' policy tightening

Mar 20, 2023 12:34 am

Smaller rate hike seen tempering inflation expectations

Monetary authorities will likely raise interest rates anew this Thursday despite inflation having eased last month, economists polled by The Manila Times said.

February's 50-basis point (bps) increase, which was prompted by inflation hitting a 14-year high of 8.7 percent in January, could be followed by a smaller 25-bps adjustment, 14 out of 15 analysts said.

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Smaller rate hike seen tempering inflation expectations

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