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BSP continues to keep pace with US Fed
Both the Federal Open Market Committee (FOMC) and the Bangko Sentral ng Pilipinas Monetary Board (BSP MB) hiked their respective policy rates by 25 basis points to 4.75%-5.0% and 6.25%, respectively.
By Anna Isabelle “Bea” Lejano
Amid the global banking turmoil, the US Fed nonetheless hiked policy rates by 25 basis points (bps), signaling that fighting inflation is the top priority.
The BSP likewise raised benchmark rates by 25 bps due to mounting core inflation and the need to anchor inflation expectations.
See our report here for complete policy rate updates and outlook.
ANNA ISABELLE “BEA” LEJANO is a Research & Business Analytics Officer at Metrobank, in charge of the bank’s research on the macroeconomy and the banking industry. She obtained her bachelor’s degree in Business Economics from the University of the Philippines School of Economics and is currently taking up her Master’s in Economics degree at the Ateneo de Manila University. She cannot function without coffee.