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+ Follow MANNY VILLAR AND FRANCIS PANGILINAN Tag
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[Title] => Signing of agri modernization bill seen
[Summary] => A bill seeking to implement environment-friendly agricultural modernization is set to be signed into law, administration lawmakers said yesterday.
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MANNY VILLAR AND FRANCIS PANGILINAN
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By Paolo Romero | March 17, 2013 - 12:00am
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The Bangko Sentral ng Pilipinas (BSP) delivered its biggest interest rate hike in more than three years yesterday, as worsening inflation pressures prompted a more aggressive monetary policy response. At its fifth policy meeting this year, the Monetary Board raised its benchmark rate by 50 basis points to 5.50 percent. The larger-than-expected increase marked the BSP’s fourth consecutive rate hike this year and its first 50-basis-point adjustment since February 2023.
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