Read this in The Manila Times digital edition.
DESPITE the slower-than-expected performance of the Philippine economy in the second quarter, international and local observers said the Bangko Sentral ng Pilipinas (BSP) is likely to continue its monetary policy normalization by raising interest rates.
The slower growth of 7.4 percent in April to June 2022 "won't deter" the country's monetary authorities from raising the central bank's policy rates on Thursday of the following week, research firm ANZ Research said in a report.
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