... prices and higher mortgage repayments amid rising expectations that the US-Israel war on Iran will force the Reserve Bank to hike rates on Tuesday.
The moves follow increases to swap rates, which lenders use to price their mortgages, with the conflict in the Middle East causing economic volatility and concerns about rising prices ... – Remember fixed rates are locked in.
A jump in oil prices to over $100 a barrel has sent markets into a tailspin, as it raises the chances of a sharp rise in inflation, pushing central banks to tighten policy ....
If inflation rises beyond the central bank’s 2 to 4% target band, policy action could become necessary ... The BSP cut its policy rate in February to support economic growth, bringing total rate reductions to 225 basis points since August 2024.