BusinessWorld Online•4h ago
business

BSP surprises with jumbo rate hike, signals further tightening

THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday delivered a surprise 50-basis-point (bp) rate hike and signaled it was prepared to continue tightening amid broadening inflation risks from persistent price shocks and a strong El Niño.

BSP surprises with jumbo rate hike, signals further tightening
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