BusinessWorld E-paper
July 28, 2023
THE BANGKO SENTRAL ng Pilipinas (BSP) has room to extend its monetary policy tightening pause at its meeting next month, despite the narrowing interest rate differential with the US Federal Reserve, economists said.
The Fed raised the federal funds rate target range by 25 basis points (bps) to 5.25-5.5% on Wednesday, the highest level in 22 years (Read related story “Fed lifts rates; Powell leaves door open to another hike in September” on S2/3).
