BusinessWorld E-paper
September 19, 2022
THE BANGKO SENTRAL ng Pilipinas (BSP) is likely to continue its rate hike cycle on Thursday, with several analysts forecasting a 50-basis-point (bp) increase as the US Federal Reserve is also expected to further tighten policy this week.
A BusinessWorld poll last week showed 14 out of 15 analysts expect the Monetary Board (MB) to raise its benchmark interest rate at its Sept. 22 meeting. Eleven analysts believe the central bank will deliver a hike of 50 bps, while two analysts see a 25-bp increase. One analyst expects a 75-bp hike, while another sees the BSP keeping rates unchanged.
