High US interest rates to impact PH economy

THE United States' current round of interest rate hikes will have a detrimental impact on the Philippines' economic indicators.

This is what international and local analysts told The Manila Times on Thursday after the US Federal Reserve (Fed) raised its Fed Funds Rate target by 75 basis points to 1.50 percent-1.75 percent on Wednesday, the largest increase since 1994, in an effort to cool the economy without triggering a recession.