February 21, 2024


central bank of the philippines

central bank of the philippines

The Governor of the Central Bank of the Philippines (BSP) said it would be “dangerous” to cut interest rates faster than the Federal Reserve, warning that it could lead to further depreciation of the peso.

“If U.S. inflation is sticky and slow to cut rates, it is very dangerous for the Philippine central bank to cut rates faster than the U.S., even if its inflation falls faster,” Felipe Medalla said at a central bank event on April 26.

Headline inflation slows in Philippines