BSP Hikes Interest Rates to Fight Inflation by Lamudi PH

Amid the rising inflation, the Bangko Sentral ng Pilipinas has raised its benchmark rate by 25 basis points (bps) to 2.25%, CNN Philippines reported.  The interest rates on the overnight deposit and lending facilities also increased to 1.75 percent and 2.75, respectively. This is the first rate hike since 2018. Controlling Rising Inflation The country’s economy recorded […]

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