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BSP continues to keep pace with US Fed
Both the Federal Open Market Committee (FOMC) and the Bangko Sentral ng Pilipinas Monetary Board (BSP MB) hiked their respective policy rates by 25 basis points to 4.75%-5.0% and 6.25%, respectively.
March 27, 2023
By Anna Isabelle “Bea” Lejano, Ina Calabio, and Marc Bautista
By Anna Isabelle “Bea” Lejano, Ina Calabio, and Marc Bautista
Amid the global banking turmoil, the US Fed nonetheless hiked policy rates by 25 basis points (bps), signaling that fighting inflation is the top priority.
The BSP likewise raised benchmark rates by 25 bps due to mounting core inflation and the need to anchor inflation expectations.
See our report here for complete policy rate updates and outlook.
ANNA ISABELLE “BEA” LEJANO and INA CALABIO are Research & Business Analytics Officers at Metrobank. MARC BAUTISTA is the bank’s Research and Business Analytics Head.