August inflation hike to keep BSP hawkish

by The Manila Times

Sep 07, 2023 12:45 am

AUGUST's higher-than-expected inflation result is unlikely to prompt a return to tightening and instead keep monetary authorities on their toes, analysts said.

'We do not think that the BSP (Bangko Sentral ng Pilipinas) will resume its hiking cycle but will instead stand pat at 6.25 percent while remaining hawkish in the face of emerging risks to the inflation outlook,' China Banking Corp. chief economist Dominic Velasquez said.

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