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MONETARY authorities are not done with tightening and will consider a 25-basis-point (bps) rate hike next month, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Wednesday.
In his latest note, WisdomTree strategy advisor and Professor Jeremy Siegel talks another 25 bps rate hike from the Fed.
Out of the six members of the Monetary Policy Committee, two have voted against a repo rate hike in a couple of instances.
Investors expect the Federal Reserve will raise interest rates this week despite the fallout from Silicon Valley Bank's collapse.
Housing Development Finance Corporation Ltd (HDFC) announced that the company has revised its Retail Prime Lending Rate (RPLR) HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 25 basis points, via an exchange filing. The revised lending rates will be effective from March 1, 2023.