Moody's Analytics expects 25-bps hike

By The Manila Times

Mar 21, 2023 12:19 am

MOODY'S Analytics, a unit of Moody's Corp., expects the Bangko Sentral ng Pilipinas' policy rate to be raised by 25 basis points (bps) this Thursday as monetary authorities try to temper stubborn inflation.

'In the Philippines, the overnight reverse repo (repurchase) rate is expected to climb 25 basis points to 6.25 percent. The country is battling some of the stickiest inflation in the Asia-Pacific region...,' it said in a report.

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