Philippines rate hikes to be “data driven”, says incoming central banker
At a recent media conference, incoming Bangko Sentral ng Pilipinas (BSP) governor, Felipe Medalla, stressed the bank’s focus on stabilising inflation, and does not rule out more aggressive policy tightening.
A version of this article was first published on FinanceAsia. The BSP will continue to be a “credible, inflation-targetting central bank”, with future rate hikes to be discussed regularly, its new governor has said. Addressing international media at a press conference in the week of his inauguration, Medalla told reporters that he “cannot rule out” rate hikes at every upcoming monetary board policy meeting this year, as some analysts have speculated. However, he stressed the ban…
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