BSP, the Philippines’ central bank, has started rate hikes in order to tackle the country’s highest inflation rate since 2018. Right after two 25-basis stage bp hikes in May and June, the particular BSP raised interest rates by 75bp to 3. 25% on July 14, a surprise move that will signalled a more aggressive monetary policy in the future.
Felipe Medalla, that took over the function of governor of the BSP on Come july 1st 1, spoke in order to FinanceAsia about this decision, and distributed his outlook for the county’s growth and digitisation path.
FA You are taking on the role of BSP governor during a period of unprecedented macroeconomic headwinds and global uncertainty….
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