BSP wary about additional “financial accidents” amid rate increases made by US Federal Reserve
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, Jr. recently expressed concern about further “financial accidents” that may be brought on by the strong rate increases implemented by the US Federal Reserve to combat inflation. In a media advisory, the BSP chief said that the US central bank’s tightening cycle could result in more unpredictable […]