Tuesday 22 January 2019
Home      All news      Contact us      Philipino
inquirer - 7 month ago

Fed hike to weigh on BSP policy as peso slips to P53.27

The decision of the US Federal Reserve to raise interest rates in the world s largest economy will weigh on the Bangko Sentral ng Pilipinas own the upcoming discussions on whether it will further tighten monetary policy to combat stubbornly high local inflation. In a text message, BSP Governor Nestor Espenilla Jr. said last night s move by the US central bank to hike its key Fed funds rate by 25 basis points --- which historically has the tendency to weaken the peso by inducing invest

Related news

Latest News






Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)