Europe-PH News

Fitch: Stable economy may prompt PH to tweak key rate to 2.75% by end-2022

December 21, 2021

Ronnel W. Domingo - @inquirerdotnet

The Bangko Sentral ng Pilipinas (BSP) is expected to raise the policy rate to 2.75 percent by the end of 2022—only after getting a clearer picture of how the economy would fare amid the ever-changing makeup of the virus causing COVID-19. The Monetary Board, in their Dec. 16 meeting, decided to keep overnight borrowing rate at a record low 2 percent based largely on confidence that the rise in the prices of basic commodities continues to be manageable.

Source: https://business.inquirer.net/337215/fitch-stable-economy-may-prompt-ph-to-tweak-key-rate-to-2-75-by-end-2022

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