By Katherine K. Chan, Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) could hike its key policy rate to as high as 5.5% by end-2026 as inflation pressures intensify amid the Philippines’ high exposure to the energy crisis, Fitch Solutions unit BMI said.
Based on its latest forecasts obtained by BusinessWorld, BMI now expects the Philippine central bank to deliver an additional 100 basis points (bps) in rate hikes at its remaining policy meetings this year.
The research firm earlier said the BSP will likely cap its tightening cycle once the benchmark interest rate hits 5%, as the country’s weak growth prospects hinder further hikes.
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