BSP, the Philippines’ central financial institution, has begun fee hikes to sort out the nation’s highest inflation fee since 2018. After two 25-basis level bp hikes in Might and June, the BSP raised rates of interest by 75bp to three.25% on July 14, a shock transfer that signalled a extra aggressive financial coverage to come back.
Felipe Medalla, who took over the function of governor of the BSP on July 1, spoke to FinanceAsia about this choice, and shared his outlook for the county’s development and digitisation path.
FA You take on the function of BSP governor at a time of unprecedented macroeconomic headwinds and world uncertainty….
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