March 27, 2023 - Fintech Alliance.Ph

Fitch Solutions eyes last BSP rate hike for 2023 in May

By: PNA Gov
Source: pna.gov

MANILA – With inflation expected to remain elevated in most of 2023, Fitch Solutions Country Risk and Industry Research forecasts another 25 basis points hike in the central bank’s key rates in May, seen as the last for the year.

Last week, the Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) hiked by 25…

Diokno says pause in rate rises likely at next bank meeting

ByFintech Alliance.Ph InNews

By: Interaksyon
Source: interaksyon.philstar

MANILA— Philippines Finance Secretary Benjamin Diokno said on Sunday he believed that the central bank was leaning towards a pause in interest rate rises at its next monetary policy meeting scheduled for May.
“Non-monetary measures to ease inflation could address the problem more effectively”, including those already adopted by fiscal authorities, Diokno said in a statement.

The…