BMI: Bangko Sentral not done hiking rates

May 23, 2023 12:29 am

KEY interest rates will likely be raised one more time next month, a Fitch Group unit said, with last week's Monetary Board decision to hold fire seen as merely a pause in the current tightening cycle.

'We expect that the BSP (Bangko Sentral ng Pilipinas) will hike once more at the next meeting, which is scheduled on June 22, as disinflation momentum is likely to slow in the near-term,' BMI Country Risk & Industry Research said in a report released last Friday.

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

Stable inflation to give BSP more policy leeway

Robinsons Land gets female president, CEO

Continued reforms seen with admin bets leading

Peso falls anew, PSEi up for 3rd day

China scrambles as yuan, stocks fall

Deferred green energy auction to start this month – DOE

Clark airport passenger, flight numbers up in 2024