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The BSP will proceed to be a “credible, inflation-targetting central financial institution”, with future charge hikes to be mentioned usually, its new governor has mentioned.
Addressing worldwide media at a press convention within the week of his inauguration, Medalla instructed reporters that he “can’t rule out” charge hikes at each upcoming financial board coverage assembly this yr, as some analysts have speculated. Nonetheless, he careworn the financial institution would stay “knowledge pushed” in its coverage choices.
“The plan is a really gradual one, a number of 25s 25 foundation level will increase. However one other risk is that, relying on the info, a number of the 25s might turn out to be 50s,” he…
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