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Byline: Louella D. Desiderio
The Bangko Sentral ng Pilipinas (BSP) will likely start raising its key rates in the middle of next year with inflation expected to rise, the Metropolitan Bank & Trust Co. (Metrobank) said.
"We expect the BSP to be hiking the overnight rates sometime in the middle of 2011, depending on inflation expectations and liquidity concerns on the ground," wrote Ildemarc C. Bautista, head of the bank's research department, in a note for the week Dec. 20 to 26, which was released yesterday.
Inflation, he said, is expected to be on the uptick next year.
"A lot of countries are currently experiencing higher inflation regimes, …