Bangko Sentral ng Pilipinas
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is expected to continue hiking rates despite easing fears of a prolonged oil crisis following the US-Iran peace deal, though policymakers still face a delicate balancing act between controlling inflation and supporting economic growth.
On Thursday, the central bank raised its benchmark interest rate by 25 basis points to 4.75 percent, its second rate increase this year as policymakers sought to address still-elevated inflationary pressures.
READ: BSP hikes policy rate by 25 bps to 4.75%
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