INFLATION will likely stay high for an extended period, a Fitch Group unit said, prompting monetary authorities to again hike interest rates and hold off from easing until well into next year.
The Bangko Sentral ng Pilipinas may raise key interest rates by at least 75 basis points more for this year as inflation is seen hitting the upper end of the target band only by the fourth quarter.
BSP rate may peak at 6 25% in 1st half - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.