BusinessWorld E-paper
June 28, 2022
THE PHILIPPINE central bank should deliver more aggressive rate hikes in order to curb inflation that is now expected to reach 5% this year, economists said.
The Bangko Sentral ng Pilipinas (BSP) on June 23 raised its benchmark rate by another
25 basis points (bps), bringing it to 2.50%. Interest rates on the overnight deposit and lending facilities were also hiked by 25 bps to 2% and 3%, respectively
