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BSP Likely To Hike Rate By 25bps Next Week

PHILIPPINES
  • *PHILIPPINE BSP LIKELY TO HIKE RATE BY 25 BPS NEXT WEEK: MEDALLA (BBG)
  • Note Medalla's first meeting as governor of the central bank is from July onwards - both Medalla and his predecessor Diokno have indicated a rate rise is likely.
  • We have seen that Asian central banks have started to tighten their policy after 2 years of status quo as inflationary pressures have been rising in the region, with inflation breaking above most of the CB upper tolerance band.

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