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The Philippine economy is expected to grow by more than seven percent this year after roaring back in the third quarter despite soaring inflation and rising interest rates, economists said. DBS Bank Ltd. of Singapore raised its 2022 gross domestic product growth forecast for the Philippines to 7.4 percent but maintained its 6.3 percent projection for next year.
Bank Negara Malaysia (BNM) will tighten the overnight policy rate (OPR) by a quarter-point for the fourth time in a row on Thursday (Nov 3) as upside risk to inflation persists and to support a weakening ringgit, a Reuters poll showed.
Malaysia's central bank will tighten its policy rate by a quarter point for the fourth time in a row on Nov.
BENGALURU: Malaysia's central bank will tighten its policy rate by a quarter point for the fourth time in a row on Nov. 3 as upside risks to inflation persist and to support the weakening currency, a Reuters poll showed.
By Shaloo Shrivastava BENGALURU (Reuters) - Malaysia's central bank will tighten its policy rate by a quarter point for the fourth time in a row on Nov. 3 as upside risks to inflation persist and