Philippine Central Bank Raises Key Rate by 50 Basis Points
The Bangko Sentral ng Pilipinas raised its key interest rate by 50 basis points to 5.50%, its fourth consecutive increase. The hike was larger than markets expected.
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06:44:22 AM UTC
SquawkNews
By Amanda LeeThe Philippine central bank raised interest rates by more than expected Thursday, warning that inflation would accelerate further as renewed Middle East tensions pushed up energy prices.Bangko Sentral ng Pilipinas raised its benchmark overnight reverse repurchase rate by 50 basis point…
The Philippine central bank raised its key interest rate by 50 basis points to 5.50% on Thursday, its fourth consecutive increase and larger than the market expected.All 27 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its benchmark rate (PHCBIR=ECI) by a quarter of…