Sun Life PH sees Bangko Sentral rate hike pausehome/Business/Top Business/Sun Life PH sees Bangko Sentral rate hike pauseMonetary authorities could hold off from raising interest rates as early as next month if inflation shows a marked deceleration, a senior Sun Life Financial Philippines official said on Monday. “We expect the BSP (Bangko Sentral ng Pilipinas), after hiking policy rates, to probably stop next year,” Sun Life Chief Investments Officer Michael Enriquez said in a briefing. “There is a clear case to, in fact, pause in December if inflation would remain to decelerate on a monthly basis,” he added. After hitting a nine-year high of 6.7 percent in September, consumer price growth stayed steady in October and in fact eased to 0.3 percent month on month. Enriquez said lower oil prices and measures implemented by the government to curb rice prices likely tempered inflation to 6.3 percent last month.

Source: Manila Times December 03, 2018 16:30 UTC