‘More decisive move now’ needed from Bangko Sentral

THE Bangko Sentral ng Pilipinas (BSP) may need to deliver a larger interest rate hike as an inflation slowdown could be temporary, Deutsche Bank said. In its latest Asia Week Ahead report, the global investment bank said it was leaning toward a 50-basis-point increase on Thursday, which would bring the benchmark rate to 5.0 percent. “We think a more decisive move now from the BSP would reduce the risk that it has to do more later,” Deutsche Bank said. “May’s lower inflati