BusinessWorld E-paper
August 19, 2022
THE BANGKO SENTRAL ng Pilipinas (BSP) raised its benchmark interest rate by 50 basis
points (bps) on Thursday, and signaled it has room to further hike rates as it battles inflation.
The Monetary Board (MB) increased the overnight reverse repurchase rate by 50 bps to
3.75%, as expected by 13 out of 18 analysts in a BusinessWorld poll.
