Unscheduled rate hike 'on the table' this week

By The Manila Times

Oct 25, 2023 12:51 am

AN off-cycle rate hike could be announced this Thursday to rein in inflation, Bangko Sentral ng Pilipinas (BSP) Gov. Eli Remolona Jr. said on Tuesday.

'The data says inflation will go up very significantly, and there is a risk of affecting inflationary expectations,' the central bank chief said at the sidelines of the 2nd Digital Financial Inclusion Awards at the BSP.

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