Economist says BSP likely to pause anew

Nov 27, 2023 12:36 am

A STABLE peso and slower inflation could prompt monetary authorities to again keep interest rates unchanged when they meet a final time for this year next month, an economist said.

After ordering an off-cycle 25-basis point (bps) rate hike in October due to renewed inflation concerns, the Monetary Board last November 16 maintained the Bangko Sentral ng Pilipinas' (BSP) policy rate at 6.5 percent, the highest since 2007.

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