The regulator said it aims to deliver more hikes in 2023.
BSP Governor Felipe Medalla had signaled more rate increases at the central bank’s first two meetings of 2023 hinting to more policy tightening thereafter.
He said that the central bank aims to attain inflation between 2-4 percent, preferably closer to 3 percent by the third quarter of 2023.
He further added that it is likely the central bank, which meets every six weeks, would opt for smaller rate adjustments in 2023.
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