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MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has shown bias toward a more restrictive policy and a higher-for-longer approach to interest rates after signaling the resumption of its tightening cycle as early as November amid upside risks to inflation, economists said.
MANILA, Philippines — A possible rate hike in November may not be the last with the expected higher-for-longer interest rate environment amid more upside risks to inflation, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. In an interview aired on Bloomberg Television, Remolona said monetary authorities are not convinced that the possible rate hike in the next rate-setting meeting on Nov. 16 would be the last. “It won’t be the last hike in the cycle, we’re not convinced of that