By Katherine K. Chan, Reporter
THE PHILIPPINE ECONOMY can still absorb another rate hike as growth is expected to rebound in the second half of the year, the Bangko Sentral ng Pilipinas (BSP) said.
BSP Governor Eli M. Remolona, Jr. said he hopes the country’s gross domestic product (GDP) will grow over 3% in the latter half of 2026 as the government ramps up spending.
Speaking to reporters on the sidelines of an event on Monday, he noted that the economy can still manage if the BSP extends its tightening cycle to deliver another 25-basis-point (bp) rate hike.
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