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Impact of high interest rates to ‘peak’ in 2024 —BSP

By Inquirer - 3 months ago
MANILA  —The impact of the Bangko Sentral ng Pilipinas’ (BSP) aggressive anti-inflation rate hikes is expected to peak this year, which means economic growth will again end up below the government’s target. That was according to the BSP’s latest Monetary Policy Report that said the economy was projected to “operate slightly below its potential” in

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