News Formal

BSP may opt to hike rates by 25 bps or keep unchanged, says Philippines’ finance chief

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

Philippine Finance Secretary Benjamin Diokno said the central bank could decide to either hike the key interest rate by 25 basis points or keep policy settings unchanged at its next meeting on Thursday amid uncertainties. | Reuters

Philippine Finance Secretary Benjamin Diokno attends an economic briefing following President Ferdinand Marcos Jr’s first State of the Nation Address, in Pasay City, Metro Manila, Philippines, July 26, 2022. REUTERS/Lisa Marie David/File photo

MANILA – Philippine Finance Secretary Benjamin Diokno said on Monday the central bank could decide to either hike the key interest rate by 25 basis points or keep policy settings unchanged at its next meeting on Thursday amid uncertainties. Diokno, who also sits in the central bank’s policy-making monetary board, expressed optimism that inflation will ease to around 4 percent toward end of the third quarter.“The option now is not to hike or to hike by 25 bps,” Diokno told a forum organized by foreign correspondents.

Philippine annual inflation eased slightly to 8.6 percent in February from 8.7 percent in January, slowing for the first time in six months on lower transport and food prices, but remains well outside the 2 percent-4 percent target band for the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FVR provided ‘building blocks of our economy’ — former finance chiefFormer president Fidel V. Ramos provided the policies and reforms that created the country’s economic building blocks, according to former Secretary of Finance Roberto de Ocampo said. | JMangaluzINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Palafox to chair business conference and expo of PCCI this year–Barcelon | Andrea E. San JuanThe Philippine Chamber of Commerce and Industry (PCCI) said Principal Architect and Urban Planner Felino Palafox Jr. will lead this year’s 49th Philippine Business Conference and Expo (PBC&E). PCCI President George T. Barcelon announced the selection of Palafox following an executive session by the PCCI Executive Committee that “unanimously voted”…
Source: BusinessMirror - 🏆 19. / 59 Read more »