Managing your financial plan when interest rises
THE Bangko Sentral ng Pilipinas (BSP) announced last May 19 the decision of the Monetary Board to hike rates by 25 basis points (bps) effective May 20. Some analysts expect the Monetary Board to hike benchmark rates by 75 bps this year to tame inflation and reduce currency risks after the US Fed (US Federal Reserve) hikes its benchmark rates. … Read more