BSP warned vs ‘rash’ early interest rate hike

MANILA, Philippines – A move to raise interest rates as soon as April to contain inflation would be “rash,” London-based Pantheon Macroeconomics warned, arguing that economic conditions remain “more forgiving” despite turmoil in energy markets triggered by the Middle East conflict. In a note to clients, Pantheon economists Miguel Chanco and Meekita Gupta said that