MANILA : The Philippines' central bank could pause its interest rate- hiking cycle at its meeting next month due to easing inflation, its governor said on Wednesday.'We are probably pausing in the next meeting because the inflation prints are very good,' Bangko Sentral ng Pilipinas (BSP) Governor Felipe M
MANILA : The Philippines' central bank could pause its interest rate- hiking cycle at its meeting next month due to easing inflation, its governor said on Wednesday.
Tempered inflation in April puts monetary authorities in a position to pause policy, Medalla said, adding that the inflation average for 2023 will be revised downwards from the 6 per cent projection. The BSP was Asia's most aggressive central bank in raising interest rates to combat elevated inflation and keep up with the U.S. Federal Reserve's tightening cycle.
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