Economics
Philippine Rate Cut Is on Table in May, Governor Diokno Says
- Easing monetary policy is just a matter of timing, he says
- Question is, what comes first, key rate or reserve cut: Diokno
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The Philippines central bank is on course to cut its key interest rate as inflation cools, and policy easing will be on the table as soon as the May 9 meeting, Governor Benjamin Diokno said.
“It’s not a matter of whether we cut, it is when,” Diokno told Bloomberg Television’s Kathleen Hays in Washington, where officials are gathered for the spring meetings of the World Bank and the International Monetary Fund. “We are considering it. I’m sure that will be in the agenda in the next policy meeting.”