Bangko Sentral ng Pilipinas. (File photo / Philippine Daily Inquirer) The Bangko Sentral ng Pilipinas (BSP) could raise its policy rate one more time this year by 0.25 percentage point to 6.5 percent before rolling back to end 2024 at 5.5 percent amid expectations that the US Federal Reserve will start rate cuts next year. Bank of America (BofA) Global Research said in a report they expect another rate hike from the BSP while most central banks in Southeast Asia are done with their hiking cycle and should at least hold steady at their current stance.

https://business.inquirer.net/418007/one-more-bsp-rate-hike-for-this-year-possible

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