More rate hikes to come in the Philippines

The Philippines’ central bank (BSP) raised its policy rate by 25bp to 4.5% today, as expected. Core inflation has been trending upwards and is likely to continue doing so, while economic growth looks set to remain brisk. The upshot is that we are sticking with our long-held view that the policy rate will move up further and reach 5.0% by end-2011.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.