Global banking giant Citi sees the Philippines achieving its economic growth target for this year, albeit at a slower pace, as the Bangko Sentral ng Pilipinas is expected to further hike interest rates to tame inflation.
The Bangko Sentral ng Pilipinas (BSP) is expected to stop its policy rate hike at six percent this quarter and will only cut and bring back the key rate to about four percent by end-2024, according to US banking giant Citi.
In a press briefing Wednesday, Feb. 1, Citi Philippines announced that wit
Global banking giant Citi sees the Philippines achieving its economic growth target for this year, albeit at a slower pace, as the Bangko Sentral ng Pilipinas is expected to further hike interest rates to tame inflation.