BSP has some 'tough decisions' to make: Moody's Analytics

Michelle Ong, ABS-CBN News

<p>Moody&#x27;s Analytics sees more headwinds for the Philippine economy, saying the central bank could be forced to hike rates again this year. </p><p>Inflation remains elevated while the peso is under a fair amount of stress, Moody&#x27;s Analytics Chief APAC Economist Steve Cochrane told ANC.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/05/23/inflation-quickens-to-53-percent-in-august">Inflation quickens to 5.3 pct in August as rice, fuel costs rise</a></li></ul><div> </div><p>&quot;Central bank has some tough decisions to make, economy itself is not growing particularly robustly,&quot; he said. </p><p>Moody&#x27;s also sees growth averaging below 6 percent this year -- a downgrade from its initial forecast. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/20/23/adb-downgrades-ph-economic-growth-outlook">ADB downgrades PH economic growth outlook</a></li>	<li><a href="https://news.abs-cbn.com/business/08/10/23/philippine-gdp-grows-43-pct-in-2nd-quarter-of-2023">Philippine GDP grows 4.3 percent in 2nd quarter of 2023</a></li></ul>

Moody's Analytics sees more headwinds for the Philippine economy, saying the central bank could be forced to hike rates again this year. 

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BSP has some 'tough decisions' to make: Moody's Analytics

BSP has some 'tough decisions' to make: Moody's Analytics

Michelle Ong,

ABS-CBN News

Published Sep 26, 2023 10:31 AM PHT

Read More:

inflation

economy

economic growth

GDP

Moody's Analytics

BSP

interest rate

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