BusinessWorld E-paper
October 12, 2023
THE BANGKO SENTRAL ng Pilipinas (BSP) is open to increasing its key policy rate by 25 basis points (bps) at its meeting on Nov. 16, its governor said on Wednesday, after inflation accelerated for a second straight month in September.
BSP Governor Eli M. Remolona, Jr. told reporters higher borrowing costs have not affected Philippine economic growth, which may indicate there is still room for monetary tightening.
