PH may implement up to 5 rate hikes due to inflation risks

CEBU CITY, Philippines – The Philippines may need to impose as many as five interest rate hikes this year to tame inflation pressures worsened by rising global oil prices and a weakening peso, according to a top executive of BDO Unibank Inc. Speaking during the Cebu Economic Briefing of the Sy-led bank, Ritz Ocampo, its Chief Investment Officer, warned that prolonged geopolitical tensions in the Middle East could further slow the Philippine economy while driving up inflation, fuel prices, and borrowing costs. “The longer the conflict, and we are now on its third month, the more painful for the Philippines,” […]... Keep on reading: PH may implement up to 5 rate hikes due to inflation risks

Go to News Site