Hawkish BSP Hints at Rate Hike
The central bank has hinted at a hike in benchmark interest rates following the US Federal Reserve’s decision to further reduce its monetary stimulus for the world’s largest economy. Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. on Thursday left little room for doubt that an adjustment in current policy settings was forthcoming, possibly as early as next week.
Source: Philippine Daily Inquirer