Another rate hike seen before BSP hits pause

Mar 28, 2023 12:25 am

MONETARY authorities will likely to deliver another 25 basis points (bps) hike in May as inflation remains well over target, Fitch Solutions said.

'We anticipate that the Bangko Sentral ng Pilipinas (BSP) will deliver one final 25 bps hike at the next meeting in May, before keeping the policy rate on hold at 6.50 percent thereafter,' the Fitch unit said in a commentary on Friday.

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