MANILA – Incoming Philippine central financial institution governor Felipe Medalla mentioned on Wednesday he was not ruling out additional rate of interest hikes to fight above-target inflation whilst he harassed that future coverage selections can be knowledge pushed.
Medalla, who will tackle the position of Bangko Sentral ng Pilipinas (BSP) governor on July 1, additionally mentioned the central financial institution needn't match price will increase by the U.S. Federal Reserve.
The central financial institution kicked off its tightening cycle in Could by elevating charges by 25 foundation factors and adopted up with one other quarter-point improve in June. Its subsequent coverage overview is in August.
Post a Comment