Key rates on hold 'well into 2024' | The Manila Times
DESPITE continued hawkishness, monetary authorities will likely keep interest rates unchanged well into next year before embarking on rate cuts, analysts said.
Stay updated with breaking news from Antonio Mapa. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
DESPITE continued hawkishness, monetary authorities will likely keep interest rates unchanged well into next year before embarking on rate cuts, analysts said.
MONETARY authorities still have room to tighten policy without causing an economic contraction, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said on Friday.
INFLATION will likely move closer to falling back within target in July due to base effects and lower energy prices, analysts polled by The Manila Times said.
FOOD prices are expected to increase in the wake of Typhoon 'Egay,' which last week battered the northern provinces of the country.
CLIMATE-INDUCED inflation shocks can be better addressed via nonmonetary measures, the Bangko Sentral ng Pilipinas (BSP) said, given the lag associated with monetary policy adjustments.