Economics
Philippines Holds Rate While Hinting at Policy Normalization
- 2022 inflation forecast raised to 3.7% vs 3.4% at Dec. meeting
- Bank continues to develop plans to normalize policy: Diokno
A worker walks through a public area in Taguig City, Metro Manila, the Philippines.
Photographer: Veejay Villafranca/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
The Philippine central bank held its key interest rate steady for a 10th straight meeting, and indicated it would start exiting its pandemic support measures when it sees that the recovery has become sustainable or inflation risks have risen “significantly.”