BSP raises interest rates amid rising inflation, driven by global energy price tensions stemming from the Middle East.
3 reports, 3 independent
Updated Sep 14
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What happened
BSP raises interest rates amid rising inflation, driven by global energy price tensions stemming from the Middle East.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.BSP rate hikes are tightening domestic demand as it manages policy to meet inflation targets.1 source
Philippine central bank raises rates due to global energy price spikes from Middle East tensions.1 source
Keep exploring
Part of
A collection of global economic updates, including IMF reports on Senegal, Uganda, Tanzania, and Rwanda, alongside central bank actions in Namibia and the impact of the Middle East conflict.Also in this story
- IMF assesses Namibia's weak economic growth and notes that war escalation risks its economic outlook.
- Preliminary peace agreement reached between the US and Iran, impacting global energy reserves.
The entities involved
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Bangko Sentral ng Pilipinas
central bank of the Philippines
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran