The Bangko Sentral ng Pilipinas (BSP) is expected to raise the policy rate to 2.75 percent by the end of 2022—only after getting a clearer picture of how the economy would fare amid the ever-changing makeup of the virus causing COVID-19. The Monetary Board, in their Dec. 16 meeting, decided to keep overnight borrowing rate at a record low 2 percent based largely on confidence that the rise in the prices of basic commodities continues to be manageable.
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