Deutsche Bank sees fresh quarter-point BSP rate hike to 5%

MANILA, Philippines — Price pressures remain widespread enough to warrant another quarter-point rate hike from the Bangko Sentral ng Pilipinas (BSP) this week, according to Deutsche Bank.

In its latest note to clients, the bank said another rate hike to 5 percent was “necessary to further dampen the impact of price pressures on consumers and stabilize real incomes.”

READ: Poll: BSP poised for rate hike despite growth concerns

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The forecast is in line with the prediction of economists surveyed by the Inquirer, with 11 of 15 expecting the Monetary Board to deliver a quarter-point rate hike at its Aug. 27 meeting.FEATURED STORIES

Deutsche Bank sees fresh quarter-point BSP rate hike to 5%

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