BusinessWorld E-paper
June 21, 2022
THE PHILIPPINE central bank said on Monday it would likely raise interest rates by 25 basis
points (bps) on Thursday, despite market expectations of more aggressive tightening. “I think most likely 25 bps. Most likely. We’re not sure but we go by the data. And we don’t have to keep in step with the Fed because if you really look at the real interest rate and inflation, we are too far,”
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno told reporters in mixed English andFilipino on Monday.
