HSBC: 2023 inflation expected to hit 5.9%

Sep 28, 2023 12:35 am

INFLATION pressures will likely prompt Philippine monetary authorities to hike key interest rates again, Hong Kong and Shanghai Banking Corp. (HSBC) economists said.

HSBC raised its 2023 domestic inflation forecast to 5.9 percent — slightly higher than the Bangko Sentral ng Pilipinas' (BSP) just-revised 5.8 percent — from 5.5 percent previously.

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