Philippines’s Tetangco Sees Room to Hold Rates This Year
This article is for subscribers only.
The Philippine central bank sees room to extend a pause in interest-rate increases for the rest of this year if inflation remains manageable, Governor Amando Tetangco said.
“The market could probably see us stay this course and just continue to allow our previous actions to work” if inflation expectations remain “well-anchored” and barring major financial stability risks, Tetangco said in an interview with Rishaad Salamat on Bloomberg Television today. Policy makers will nevertheless stay “vigilant and make appropriate changes to the stance of policy as and when needed,” he said.