The Bangko Sentral ng Pilipinas (BSP) may need to raise interest rates if global oil prices surge to $100 per barrel, as such a spike could push inflation beyond the central bank’s comfort range, BSP Governor Eli M. Remolona Jr. said.
In an interview on Bloomberg TV on Friday, March 6, Remolona said a sharp rise in oil prices—partly linked to tensions in the Middle East—could force the central bank to reverse
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