BSP slams brakes on rate hikes as inflation slows
The Bangko Sentral ng Pilipinas kept its policy rate unchanged in May, a first since the central bank unleashed aggressive rate hikes last year to combat inflation.
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The Bangko Sentral ng Pilipinas kept its policy rate unchanged in May, a first since the central bank unleashed aggressive rate hikes last year to combat inflation.
After raising key policy rates nine times since May last year, most economists are convinced that the Bangko Sentral ng Pilipinas is set to step on the brakes of its tightening cycle.
After raising key policy rates nine times since May last year, most economists are convinced that the Bangko Sentral ng Pilipinas is set to step on the brakes of its tightening cycle.
The Philippine economy grew at a slower pace in the first quarter, but a softening inflation turnout has convinced some economists that full-year growth in 2023 could be higher than what was earlier expected.
The Philippine economy grew at a slower pace in the first quarter, but a softening inflation turnout has convinced some economists that full-year growth in 2023 could be higher than what was earlier expected.