Chamber of Real Estate & Builders' Associations, Inc.

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Interest rate hikes to hit housing market in near term

Inflation in January hit a 14-year high of 8.7%, prompting the Bangko Sentral ng Pilipinas (BSP) to say it was likely to raise its benchmark interest rate one more time this year, after having hiked it by 50 basis points on Feb. 16, Reuters reports. The news agency reported BSP Governor Felipe Medalla saying that […]