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BSP Hikes Rates by 50bps, Alongside Expectations

PHILIPPINES
  • Bangko Sentral ng Pilipinas hike rates by 50bps to 6.00%, alongside expectations. The standing overnight deposit facility rate is lifted by 50bps, against a consensus view of a 25bps hike.
  • Analysts were split between seeing a 25 and a 50bps hike from the BSP today, with 13 looking for 50bps, while 12 saw 25bps move today.

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