BSP seen set for jumbo 50-bp rate hike to 5%

MANILA, Philippines – The Bangko Sentral ng Pilipinas’ (BSP) next move against war-driven inflation could be a jumbo half-point rate hike, according to Deutsche Bank Research, which pointed to increasingly hawkish signals from Philippine monetary officials. In a note to clients, Deutsche Bank said the outsized increase could come either through an off-cycle move or at