By Katherine K. Chan, Reporter
PERSISTENT inflation pressures may warrant a third straight rate hike from the Bangko Sentral ng Pilipinas (BSP) this week, even as economic growth remains tepid, analysts said.
Based on a BusinessWorld poll conducted last week, 19 of the 24 analysts surveyed expect the Monetary Board to raise the target reverse repurchase rate anew by 25 basis points (bps) on Thursday, Aug. 27.
If realized, the key policy rate would climb to 5% from the current 4.75%, the highest in over a year or since the 5.25% in June 2025. It would also match the benchmark rate set in August last year.
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