THE Bangko Sentral ng Pilipinas expects the United States Federal Reserve to do two more increases in interest rates before pausing, which will be considered in its next policy rate meeting.
“The environment today is very different from what we saw in the third quarter of last year when the Fed was just beginning to undertake a series of very aggressive policy actions. And right now, the market is seeing that perhaps, the Fed will do two more before pausing,” Dakila said. “Our challenge now is inflation. Fortunately, the BSP’s inflation-targeting framework has served us well in the face of unusual supply shocks. We continue to focus on our mandate of price stability and have dedicated our resources and attention in pursuit of this goal,” BSP Governor Eli Remolona Jr. said in a video message on Tuesday.
The 56-day BSP Bill, which is an additional tenor under the BSP Securities Facility, will be offered alongside the 28-day BSP Bill.
Source: Loan Digest (loandigest.net)
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