Economics
Philippine Central Bank Is Prepared to Raise Rates Again If Needed
- Deputy governor Guinigundo sees remittances supporting peso
- Inflation may have peaked last month as measures take effect
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The Philippine central bank is ready to tighten monetary policy further to rein in prices and support the currency if needed, Deputy Governor Diwa Guinigundo said.
“If the peso depreciation will impinge on our ability to maintain the stability of prices, we will not hesitate to sustain our vigilance and continue to tighten monetary policy,” Guinigundo said in an interview in Bali on Wednesday. “Our primary mandate is price stability and we intend to do just that.”