BSP May Deliver Final Rate Hike in October, Oxford Economics Predicts
Oxford Economics forecasts that the Bangko Sentral ng Pilipinas could implement one more rate increase this month, ending its tightening cycle.
According to a forecast dated Sept. 30, Oxford Economics expects the Bangko Sentral ng Pilipinas to raise rates for the last time in October. The move would aim to curb stubborn inflation despite signs of slowing growth. Assistant economist Jun Hao Ng highlighted the central bank's balancing act between price stability and economic slowdown. The prediction suggests the tightening phase may conclude soon.
Why it matters
The decision will affect borrowing costs and inflation control for Filipino consumers and businesses.
In this story
interest rate hikeinflationeconomic slowdowncentral bankPhilippinesmonetary policyforecastOcttightening cycle
