The Bangko Sentral ng Pilipinas (BSP) raises its policy rate by 25 basis points to 4.75%, according to a BSP statement on Thursday. The decision matches expectations from economists surveyed by Reuters, where 20 of 25 respondents predicted a 25-basis point increase to the BSP’s overnight borrowing rate. Five other economists instead expected a larger 50-basis point hike, which would have taken the policy rate to 5%. Channel NewsAsia reports the same move, describing the rate increase as widely anticipated. The announcements indicate the BSP is maintaining a gradual adjustment rather than a larger step, consistent with the majority forecast in the Reuters poll. No additional policy guidance, rationale, or market reaction details are included in the excerpts provided, so the central agreement across sources is limited to the magnitude of the hike and the resulting policy rate level.
BSP raises policy rate by 25 basis points to 4.75%
The Bangko Sentral ng Pilipinas (BSP) raises its policy rate by 25 basis points to 4.75%, according to a BSP statement on Thursday. The decision matches expectations from economists surveyed by Reuter...
- The BSP raises its policy rate by 25 basis points.
- The new policy rate is 4.75%.
- The change applies to the BSP’s overnight borrowing rate.
- A Reuters poll cited expectations for a 25-basis point hike from 20 of 25 economists.
- The remaining economists in the poll expected a 50-basis point increase to 5%.
MANILA — The Philippine central bank raised its key interest rate by 25 basis points to 4.75% on Thursday, it said in a statement. Twenty of 25 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its overnight borrowing rate PHCBIR=ECI by 25 basis points. Five others projected a 50-basis point hike to 5%. —Reporting […] The post BSP raises policy rate by 25 basis points, as expected appeared first on Interaksyon.
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