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Companies and households might face even costlier loans from banks as Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla on Thursday hinted at an additional improve within the BSP coverage fee in February by a minimum of 25 foundation factors, amid expectations that the USA Federal Reserve (US Fed) will increase 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 Financial Board that calls the photographs for the BSP will accomplish that on Feb. 16.
“If the US is rising their coverage fee, we want not match them,” Medalla stated in an interview with the ABS-CBN Information Channel.
“But when the rise i…
Carry on studying: One other borrowing value hike anticipated
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