What the BSP's rate hike means for you
Here’s how this major central bank action will affect Filipinos amid the pandemic.
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Here’s how this major central bank action will affect Filipinos amid the pandemic.
Inflation is threatening to derail a nascent recovery as high prices crimp consumer spending.
Economists believe the Bangko Sentral ng Pilipinas could deliver aggressive rate hikes amid quickening inflation, as well as the continued interest rate liftoff by the US Federal Reserve.
Inflation likely accelerated in March and breached the upper end of the two to four percent target set by the Bangko Sentral ng Pilipinas, according to economists.
Local manufacturing output sped past expectations in March, posting its best finish in three years.