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Diokno hints on possible rate hike in June

POSSIBLE RATE HIKE. Bangko Sentral ng Pilipinas Governor Benjamin Diokno hints on a possible rate hike in June once monetary authorities assess, among others, the economic growth output in the first quarter of 2022. He discounted the need to immediately follow the Federal Reserve's policy rate decision. (Photo from BSP) MANILA - Monetary officials will likely consider a hike in the central bank's key rates in June, or once the 2022 first-quarter domestic output report is out, Bangko Sentral Pilipinas (BSP) Governor Benjamin Diokno said. In an interview over Bloomberg television on Tuesday night, Diokno said BSP's policy-making Monetary Board (MB) will assess data on domestic growth, which "maybe around 6-7 percent." The Board will have its third rate-setting meeting on May 19. "And so, on the basis of that, maybe we'll make another cycle, which is we have another meeting, and maybe that's the time when we will consider increasing (key policy rates),&q ....

Jerome Powell , Benjamin Diokno , Bangko Sentral Pilipinas , Federal Reserve , Governor Benjamin Diokno , Monetary Board , Fed Chair Jerome , Possible Rate Hike Bangko Sentral Ng Pilipinas Governor Benjamin Diokno Hints Ona In June Once Monetary Authorities Assess , Mong Others , He Economic Growth Output In The First Quarter Of 2022 Discounted Need To Immediately Follow Federal Reserve 39s Policy Rate Decision Photo From Bsp Manila Monetary Officials Will Likely Considera Hike Central Bank Key Rates June , R Once The 2022 First Quarter Domestic Output Report Is Out , Angko Sentral Pilipinas Bsp Governor Benjamin Diokno Said In An Interview Over Bloomberg Television On Tuesday Night , Iokno Said Bsp 39s Policy Making Monetary Board Mb Will Assess Data On Domestic Growth , Hich Quot Maybe Around 6 7 Percent The Board Will Have Its Third Rate Setting Meeting On May 19 And So , N The Basis Of That , Aybe We 39 Ll Make Another Cycle , Hich Is We Have Another Meeting , Nd Maybe That 39s The Time When We Will Consider Increasing Key Policy Rates , Uot He Said The Mb Is Scheduled To Have Its Fourth Rate Setting Meeting On June 23 It Has Kept Bsp 39s Key Rates Steady After Slashing By 200 Basis Points In 2020a Move Aimed At Aiding Domestic Economy From Impact Of Pandemic However , Conomists Have Been Factoring Ina Hike Starting In The First Quarter Of This Year Because Expected Acceleration Inflation Rate Given Rising Prices Oil And Some Commodities International Market Federal Reserve , For One , Iked Its Key Rates By 25 Basis Points Last March , He First Since December 2018 , S Consumer Price Index Cpi In The Us Registered Its Four Decade High Starting Last January Asked If He Fears That Bsp Will Be Behind Curve Amid Decisions Of Counterparts Overseas , Iokno Said The Big Difference Is Real Interest Rate In Philippines And Us He 39 Cpi Now At 8 5 Percent , Hich Was The Rate Last March ,

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