Philippine c.bank may consider pausing rate rises if inflation slows

April 09, 2023

The Philippine central bank may consider pausing its monetary tightening next month if April inflation does not accelerate, the bank's governor said on Sunday. Medalla said a "zero or negative month-on-month inflation" may also support the case for a rate hike pause. To tackle inflation, the BSP has raised its benchmark interest rate by 425 basis points since May last year to 6.25%. The Philippine central bank may consider pausing its monetary tightening next month if April inflation does not accelerate, the bank's governor said on Sunday. To tackle inflation, the BSP has raised its benchmark interest rate by 425 basis points since May last year to 6.25%.

The source of this news is from Tuoi Tre News

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