Reported 9 months ago
The Philippine central bank is expected to maintain its benchmark interest rate at a 17-year high as inflation stays within the target range, sparking discussions on the possibility of monetary easing preceding the US Federal Reserve. While inflation has been near the upper end of the 2%-4% target, it has remained stable, prompting considerations for rate cuts post-pandemic. Governor Eli Remolona's indication of a potential rate cut as early as August suggests the BSP may act preemptively, showing a growing independence from the Fed. Factors like inflation expectations, economic growth prospects, the weakening peso, and differing opinions within the rate-setting board are key points to watch in the upcoming briefing.
Source: YAHOO