News Formal

Philippine finance secretary sees 'long pause' in rate hikes

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

MANILA : Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a 'long pause' in raising interest rates steady as inflation is expected to ebb.The bank held its key policy rate steady at 6.25 per cent for a second straight meeting on Thursday

MANILA : Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a"long pause" in raising interest rates steady as inflation is expected to ebb."I think we will continue to maintain," Diokno told reporters on Friday."It will be a long pause. I don't see any cut until we really have that strong evidence of a decline" in inflation, Diokno said.

President Ferdinand Marcos Jr on Friday named board member Eli Remolona as governor of Bangko Sentral ng Pilipinas, replacing Felipe Medalla, who oversaw the central bank's most aggressive tightening in years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Five takeaways from the Paris Summit to fix global climate financeThere was no shortage of upbeat pronouncements in the eight-page summary at the end of negotiations. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Paris finance summit breaks new ground in climate, poverty fightAt least US$400 billion in new financing were unlocked to help countries tackle poverty and climate change. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »