Saying the country's near decade-high inflation rate may get worse in the coming months, the central bankon Thursdayraised its key interest rate by 50 basis points, marking the most aggressive monetary policy tightening streak since the crisis-ridden Joseph Estrada presidency. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi Fonacier said the rate hike --- the second half percentage point increasein two months, and the fourth consecutive one over four Monetary Board meetings since May --- was necessary to "further anchor inflation expectations and to safeguard the inflation target over the policy horizon." "The Monetary Board recognized that a furthe...
Keep on reading: As inflation persists, BSP unveils most aggressive rate hike streak since Erap crisis
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