Central Banks
With Philippine Rate Hike a Given, 2023 Outlook Is in Focus
- BSP seen to increase its policy rate to the highest since 2008
- Central bank is expected to release updated inflation view
Felipe Medalla
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
With the Philippine central bank seen raising interest rates one last time this year on Thursday, the focus will be on the 2023 inflation outlook and any clues from Governor Felipe Medalla on when he might pause tightening.
Bangko Sentral ng Pilipinas will probably increase the overnight reverse repurchase rate by 50 basis points to 5.5%, according to all 21 economists in a Bloomberg survey. That would lift the key rate to its highest since 2008.