BusinessWorld E-paper
September 26, 2022
THE PHILIPPINE central bank would probably increase key rates further this year to protect the peso amid a hawkish US Federal Reserve, analysts said at the weekend.
The local currency would continue its free fall against the dollar if the Bangko Sentral ng Pilipinas (BSP) “lags too much” behind the Fed’s aggressive policy tightening, First Metro Investment Corp. and University of Asia and the Pacific (UA&P) said in a joint report.
