BusinessWorld E-paper
September 27, 2022
THE PHILIPPINE central bank is expected to raise the policy rate to 5% by yearend — higher than the initial 4.5% forecast — to tame inflation and protect the peso, Fitch Solutions Country Risk & Research said.
“Over the coming months, we expect that the elevated inflationary backdrop and a continued hawkish US Fed will prompt the Bangko Sentral ng Pilipinas (BSP) to tighten its monetary policy setting further,” it said in a Sept. 23 note.
