BSP to weigh local conditions, hawkish US Fed

The US Federal Reserve kept the policy rate unchanged at the 5.0%-5.25% range after 15 months of interest rate hikes.

However, it expressed its intention to resume tightening measures in order to address inflationary concerns amid a stronger-than-expected economy.

See our report on current policy rate updates and our views, in light of the recent Federal Open Market Committee meeting.