Philippine Central Bank Keeps Rate Hike on Table Despite Weak GDP Growth

Philippines central bank Governor Eli Remolona said it is ready to tighten monetary policy further to bring inflation back to target, but noted pressure to act may be easing following last quarter’s surprise economic slowdown. The stance implies a potential hawkish bias if inflation persists, though near-term rate pressure appears tempered by weaker growth signals.

Analysis

Philippines central bank Governor Eli Remolona said it is ready to tighten monetary policy further to bring inflation back to target, but noted pressure to act may be easing following last quarter’s surprise economic slowdown. The stance implies a potential hawkish bias if inflation persists, though near-term rate pressure appears tempered by weaker growth signals.