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S&P expects one more BSP rate increase this year
S&P GLOBAL RATINGS expects the Bangko Sentral ng Pilipinas (BSP) to deliver one more rate hike this year, warning that further monetary tightening could weigh on domestic demand over the medium term. “We think that modest further tightening is on the cards. We think the Philippines will end the calendar 2026 at a 5% interest rate,” S&P Global Ratings Senior Economist for Asia Pacific Vishrut Rana said in an interview on Money Talks with Cathy Yang on One News on Monday. [...]