BSP likely to stay hawkish

BSP likely to stay hawkish – analysts

Feb 08, 2024 12:24 am

MONETARY authorities are expected to remain cautious and keep key interest rates elevated despite inflation having fallen to well within target last month, analysts said.

Consumer price growth was a better-than-expected 2.8 percent in January, having slowed from 3.9 percent in December to near the bottom end of the Bangko Sentral ng Pilipinas' (BSP) 2.0- to 4.0-percent target.

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