BSP raises policy rate by 25 basis points, as expected

MANILA (Update 3:56 p.m.) — The Philippine central bank raised its key interest rate by 25 basis points to 4.75% on Thursday, it said in a statement. Twenty of 25 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its overnight borrowing rate PHCBIR=ECI by 25 basis points. Five others projected a 50-basis-point hike […] The post BSP raises policy rate by 25 basis points, as expected appeared first on Interaksyon.