Deutsche Bank sees fresh quarter-point BSP rate hike to 5%

MANILA, Philippines — Price pressures remain widespread enough to warrant another quarter-point rate hike from the Bangko Sentral ng Pilipinas (BSP) this week, according to Deutsche Bank. In its latest note to clients, the bank said another rate hike to 5 percent was “necessary to further dampen the impact of price pressures on consumers and stabilize