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UPSIDE risks to inflation, such as the prolonged dry spell or the El Niño phenomenon, could prompt the Monetary Board to raise interest rates this week. This was according to former Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. Guinigundo, who said the drought could cause supply-side disruptions and…
THE peso regained some ground, and the stock market also snapped a three-day slide ahead of widely awaited monetary policy meetings.
MONETARY authorities have been able to keep inflation expectations anchored amid concerns that consumer price growth could spiral out of control, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.
MONETARY authorities will likely keep key interest rates unchanged this Thursday, analysts polled by The Manila Times said.
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