Ronnel W. Domingo
Philippine Daily Inquirer
The Bangko Sentral ng Pilipinas may decide to raise its key policy rates by 25 basis points next week as inflation is expected to peak in the next few months, according to Standard Chartered Bank.
As a result, the BSP’s overnight borrowing rate may rise to 4.75 percent, and the lending rate to 6.75 percent.
Authorities are scheduled to meet on June 16 to decide on the monetary policy.
In a research note, Standard Chartered raised the gross domestic product (GDP) growth forecast for the Philippines this year to 5.7 percent from 5.4 percent in light of “more sustainable growth dynamics.”
Read here
Philippine Daily Inquirer
The Bangko Sentral ng Pilipinas may decide to raise its key policy rates by 25 basis points next week as inflation is expected to peak in the next few months, according to Standard Chartered Bank.
As a result, the BSP’s overnight borrowing rate may rise to 4.75 percent, and the lending rate to 6.75 percent.
Authorities are scheduled to meet on June 16 to decide on the monetary policy.
In a research note, Standard Chartered raised the gross domestic product (GDP) growth forecast for the Philippines this year to 5.7 percent from 5.4 percent in light of “more sustainable growth dynamics.”
Read here
No comments:
Post a Comment