Businesses and households might face even costlier loans from banks as Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla on Thursday hinted at an additional enhance within the BSP coverage fee in February by a minimum of 25 foundation factors, amid expectations that the United States Federal Reserve (US Fed) will elevate charges but once more.
The Federal Open Market Committee that determines coverage for the US Fed is scheduled to announce their newest transfer on Feb. 1 whereas the Monetary Board that calls the photographs for the BSP will achieve this on Feb. 16.
“If the US is growing their coverage fee, we’d like not match them,” Medalla mentioned in an interview with the ABS-CBN News Channel.
“But if the rise i…
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