The Bangko Sentral ng Pilipinas (BSP) may still deliver more rate hikes this year after raising borrowing costs for a second straight meeting, according to a report from Philstar Biz.
The central bank's latest move comes amid persistent inflationary pressures, but economists are divided on the outlook. Some expect further tightening if price pressures remain elevated, while others anticipate a pause as soon as oil prices ease and economic growth weakens.
The BSP's policy trajectory will depend on upcoming data on inflation and gross domestic product, with market participants closely watching for signals from the Monetary Board.