Further BSP hikes seen despite tepid economy

THE Bangko Sentral ng Pilipinas (BSP) will likely tighten further to curb spiraling prices, though the still sluggish economy may prevent it from acting aggressively, Singapore’s United Overseas Bank Ltd. (UOB) said. In its quarterly global outlook, UOB Global Economics & Markets Research said it sees two more 25-basis-point (bp) rate hikes, including one in June […]