BENGALURU: The Philippine central bank will kick-off its tightening cycle tomorrow, much earlier than previously thought, joining peers around the world in a race to tighten monetary policy to tackle rising inflation, a Reuters poll found.
With economic growth in the South-East Asian nation at its fastest in nearly a decade and inflation at a more than three-year high, the Bangko Sentral ng Pilipinas (BSP) is under pressure to act now to prevent the economy from overheating.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!