Ben Diokno on the BSP’s 50-basis-point rate hike and the Supreme Court budget ruling | Business 360
The Bangko Sentral ng Pilipinas (BSP) has raised its key policy rate by 50 basis points to 5.5% amid mounting inflation risks, while a Supreme Court ruling on unprogrammed appropriations raises new questions about government spending and fiscal accountability. BSP Monetary Board Member and former Finance Secretary Ben Diokno joins us to discuss both developments and what they could mean for the Philippine economy. Diokno shares his assessment of the BSP’s latest rate hike, the inflation outlook, and the prospects for economic recovery in 2027. He also weighs in on the Supreme Court’s ruling…