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Philippines , Friday 17 April 2026

Early BSP rate hike looms as GDP outperforms in Q1

Published on: Thursday 12 May 2022

Early BSP rate hike looms as GDP outperforms in Q1 MANILA, Philippines — Economists say an early interest rate hike by the Bangko Sentral ng Pilipinas (BSP) is possible next week, after the government reported a stronger-than-expected 8.3 percent gross domestic product (GDP) growth in the first quarter of the year. ING Bank Manila senior economist Nicholas Mapa said the central bank’s Monetary Board is expected to deliver its first rate hike on May 19 after slashing interest rates by 200 basis...


News source: https://www.msn.com/en-ph/news/national/early-bsp-rate-hike-looms-as-gdp-outperforms-in-q1/ar-AAXcC76

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