Philippines: BSP expected to hike rates this month – UOB
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Economist at UOB Group Lee Sue Ann suggests the BSP could raise further its policy rate at the September 22 meeting.
“Ongoing uncertainties particularly global recession risks into 2023 and a tentative retreat in global oil prices could also lead BSP to pause its rate hikes soon.”
“Thus, we stick to our call for a hike in the policy rate by another 25bps in Sep and thereafter keep the RRP rate at 4.00% through 4Q22 and 2023, unless both global and domestic environments move in unexpected directions.”
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