BSP Hikes Policy Rate by 25 bps to 4.75% Amid Persistent Inflationary Pressures
The Bangko Sentral ng Pilipinas (BSP) raised its benchmark interest rate by another quarter point to 4.75%, citing persistently strong inflationary pressures. This marks the second rate hike this year, signaling a continuation of its tightening cycle aimed at curbing inflation.
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