BusinessWorld E-paper
October 25, 2022
PHILIPPINE interest rates could rise by more than 100 basis points ( bps)
before the year ends, the central bank governor said on Monday, in step with
large rate hikes expected to be delivered by the US Federal Reserve to
“It could be more. It depends on what the US does,” Bangko Sentral ng
Pilipinas (BSP) Governor Felipe M. Medalla told reporters when asked if he shared the view of the Finance secretary, who earlier said key rates should rise by one percentage point before yearend.
