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Off Cycle 75bp Hike

BSP

The BSP has delivered an out of cycle 75bp rate hike, with the policy rate lifted to 3.25%. The Governor of the BSP has noted that a significant further tightening of monetary policy was required owing to a sustained broadening of price pressures.

  • The Governor went on to note that the move is intended to help manage spillovers from other countries that could potentially dis-anchor inflation expectations, while he stressed that the bank stands ready to take further action.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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