BSP makes surprise hike, interest rate now at 3.25% | The Final Word
- 2 years ago
A surprise move from the Bangko Sentral ng Pilipinas.
The monetary board raised interest rates by 3.25% in a bid to arrest the spike in consumer prices that have soared to near four-year high in June.
Lois Calderon has the details on the higher borrowing cost.
The monetary board raised interest rates by 3.25% in a bid to arrest the spike in consumer prices that have soared to near four-year high in June.
Lois Calderon has the details on the higher borrowing cost.