BSP likely to hike interest rates again amid persistent inflation
A poll of 20 economists indicates the Bangko Sentral ng Pilipinas will raise its policy rate later this week as inflation stays high.
All 20 economists surveyed expect the central bank to tighten monetary policy in the coming days. The move aims to curb stubborn price pressures, even as signs of slowing economic growth emerge. Analysts note the dilemma of balancing inflation control with growth concerns. The anticipated decision follows recent data showing inflation remaining above target levels.
Why it matters
Higher rates affect loan costs, consumer spending, and inflation control in the Philippine economy.
In this story
interest rate hikeinflationcentral bankpolicy tighteningeconomic growthPhilippinesBSPeconomists poll
