BSP hikes policy rate by 25 basis points

MANILA — The Philippine central bank hiked its key interest rate to 4.50% on Thursday to keep a lid on rising inflation, with concerns over spiraling fuel costs overriding the need to keep growth on track. The Bangko Sentral ng Pilipinas said inflation is expected to reach 6.3% this year, and governor Eli Remolona warned that more […] The post BSP hikes policy rate by 25 basis points appeared first on Interaksyon.