Jumbo BSP rate hike still likely as broad price pressures linger

THE BANGKO SENTRAL ng Pilipinas (BSP) may hike by as much as 50 basis points (bps) amid lingering spillover price effects despite the softer-than-expected headline inflation in May, economists said. In a commentary on Monday, Deutsche Bank Research economist Junjie Huang said a larger rate increase may be warranted as last month’s easing inflation is […]