THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to raise interest rates for the first time in more than two years as inflation risks mount amid tensions in the Middle East, according to a slight majority of analysts in a poll.
A BusinessWorld poll conducted last week showed that 11 out of 19 analysts expect the Monetary Board to hike the target reverse repurchase rate by 25 basis points (bps) at its policy meeting on April 23.
If realized, this would bring the benchmark rate to 4.5% from the current 4.25%, marking the BSP’s first tightening move in over two years or since October 2023.
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