Expect rising interest rates, gentlyMonetary policy governing interest rates in the global economy will soon change toward a northward direction. To understand this well, it is useful to refer to the main driver of world interest rates – the monetary policy in the most advanced economy – the United States. The Fed reduced interest rates back to almost zero by April 2020 and has been held in that low range even today. Prospects for Philippine interest ratesThe monetary policy stance of the Bangko Sentral keeps the following interest rates steady: The overnight borrowing rate at 2.00 percent. What is important is to see what the interest rate will be by the end of 2022 or 2023.

Source: Philippine Star February 01, 2022 18:42 UTC