Sadly, The High Inflation Rate is Setting it’s Record in the Country
The central bank’s monetary board’s decision to increase its inflation forecasts further moved real interest rates into negative territory, said DBS Bank Ltd. of Singapore. After an ambitious easing that saw rates drop by 200 basis points to cushion the effects of the COVID-19 pandemic, the Bangko Sentral ng Pilipinas agreed to hold interest rates steady at an all-time low …