BSP may opt to hike rates by 25 bps or keep unchanged, says Philippines’ finance chief

Philippine Finance Secretary Benjamin Diokno attends an economic briefing following President Ferdinand Marcos Jr’s first State of the Nation Address, in Pasay City, Metro Manila, Philippines, July 26, 2022. REUTERS/Lisa Marie David/File photo

MANILA – Philippine Finance Secretary Benjamin Diokno said on Monday the central bank could decide to either hike the key interest rate by 25 basis points or keep policy settings unchanged at its next meeting on Thursday amid uncertainties. Diokno, who also sits in the central bank’s policy-making monetary board, expressed optimism that inflation will ease to around 4 percent toward end of the third quarter.“The option now is not to hike or to hike by 25 bps,” Diokno told a forum organized by foreign correspondents.

Philippine annual inflation eased slightly to 8.6 percent in February from 8.7 percent in January, slowing for the first time in six months on lower transport and food prices, but remains well outside the 2 percent-4 percent target band for the year.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

FVR provided ‘building blocks of our economy’ — former finance chiefFormer president Fidel V. Ramos provided the policies and reforms that created the country’s economic building blocks, according to former Secretary of Finance Roberto de Ocampo said. | JMangaluzINQ
출처: inquirerdotnet - 🏆 3. / 86 더 많은 것을 읽으십시오 »

Palafox to chair business conference and expo of PCCI this year–Barcelon | Andrea E. San JuanThe Philippine Chamber of Commerce and Industry (PCCI) said Principal Architect and Urban Planner Felino Palafox Jr. will lead this year’s 49th Philippine Business Conference and Expo (PBC&E). PCCI President George T. Barcelon announced the selection of Palafox following an executive session by the PCCI Executive Committee that “unanimously voted”…
출처: BusinessMirror - 🏆 19. / 59 더 많은 것을 읽으십시오 »