By Luisa Maria Jacinta C. Jocson, Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to stand pat for a sixth straight meeting this week amid the peso’s weakness and risks to inflation.
A BusinessWorld poll conducted last week showed that all 15 analysts surveyed expect the Monetary Board to maintain its target reverse repurchase rate at a 17-year high of 6.5% at its policy meeting on Thursday.
The BSP has raised borrowing costs by a cumulative 450 basis points (bps) from May 2022 to October 2023.
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