The Philippine central bank may tighten its policy rates beginning the fourth quarter of the year as a pre-emptive measure against an expected rise in inflation in 2016, Standard Chartered Bank said.
StanChart forecasts a 50-basis point hike by the Bangko Sentral ng Pilipinas (BSP) in its reverse repurchase (RRP) facility and special deposit account (SDA) rates, pushing them up to 4.5 percent and 3 percent, respectively, by end-2015.
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