MANILA : The Philippines' central bank considers it 'dangerous' to cut interest rates faster than a policy easing by the U.S. Federal Reserve, its governor said on Wednesday. While Philippine inflation will decelerate to below 4 per cent late this year, the Bangko Sentral ng Pilipinas (BSP) aims to
MANILA : The Philippines' central bank considers it"dangerous" to cut interest rates faster than a policy easing by the U.S. Federal Reserve, its governor said on Wednesday.
While Philippine inflation will decelerate to below 4 per cent late this year, the Bangko Sentral ng Pilipinas aims to keep its interest rate differential with the U.S., Governor Felipe Medalla told reporters on the sidelines of a central bank event, ahead of the BSP's rate setting meeting on May 18.
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