BSP follows the US Federal Reserve, holds interest rates steady

] announced yesterday, after the market close, that it would hold interest rates steady for September. This followed the overnight decision of the US Federal Reserve to do the same. The BSP’s Governor, , said that the latest BSP projections “show a slightly higher inflation path”, but that inflation is still projected by the BSP to “revert to the 2 to 4 percent target range by Q4 2023”. Mr.

I have enough disposable income to have developed a hobby of investing and writing about the market, and for me the BSP’s pause provides a measure of reassurance that while the fight isn’t over, at least we’re trending in the direction that we intended. Yet, for many people in my life who have basically been living hand-to-mouth since the pandemic, things are not getting better.

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