The stronger-than-target economic growth last year gives the Bangko Sentral ng Pilipinas more space to further tighten its policy this year as inflation remains well above the government’s two to four percent target range, according to economists.
Marcos admin bullish on 2022 GDP, but headwinds could spoil 2023 party philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
Expect the Bangko Sentral ng Pilipinas to deliver more rate hikes and bring the benchmark rate to at least six percent this year, as inflation soared above the government’s target last year, top bank economists said.