BusinessWorld E-paper
August 15, 2022
THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to raise the benchmark rate on Thursday, with most analysts forecasting a 50-basis-point (bp)increase after inflation quickened to a near four-year high in July.
A BusinessWorld poll last week showed 16 out of 18 analysts anticipate the Monetary Board will increase its benchmark interest rate at its meeting on Aug. 18. For 13 analysts, the central bank may deliver a hike of 50 bps, while three analysts see a 25-bp increase. Only two analysts expect the BSP to keep rates unchanged.
