Bangko Sentral hikes benchmark interest rate by 75-bps to match Fed, fight inflation | ANC

Bangko Sentral hikes benchmark interest rate by 75-bps to match Fed, fight inflation | ANC

Market Edge: The Bangko Sentral ng Pilipinas on Thursday hiked its benchmark interest rate by 75 basis points to 5 percent, as earlier announced. The BSP said this was to match the US Federal Reserve's earlier adjustment and to tame inflation. For more ANC Interviews, click the link below:    • ANC Interviews   For more COVID-19 videos, click the link below:    • ANC COVID-19 Reports   For more Rundown videos, click the link below:    • Rundown   Subscribe to the ANC YouTube channel!    / ancalertss   Visit our website at https://news.abs-cbn.com/anc Facebook:   / ancalerts   Twitter:   / ancalerts   #ANCNews #ANCHighlights #ANCAlerts