BSP warned against easing inflation fight for growth

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) must remain dedicated to controlling inflation and avoid ending its rate-hiking cycle too early, according to GlobalSource Partners. GlobalSource Partners analyst Diwa Guinigundo noted that the peso’s decline to the 62-per-dollar level suggests the market doubts the BSP’s commitment to tackling inflation. READ: BSP extends inflation fight