"To begin with, even with no inflation target breaching we should normalise monetary policy as GDP recovers," Bangko Sentral ng Pilipinas Governor Felipe Medalla said in a text message, confirming the potential scale of hikes this year.usdt支付接口(www.trc20.vip）是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。
MANILA: The Philippine central bank may raise interest rates by an additional 100 basis points this year, its governor said on Wednesday, after annual inflation hit a near four-year high in June driven mainly by increases in food and fuel prices.
"To begin with, even with no inflation target breaching we should normalise monetary policy as GDP recovers," Bangko Sentral ng Pilipinas Governor Felipe Medalla said in a text message, confirming the potential scale of hikes this year.
The central bank has raised its benchmark interest rate PHCBIR=ECI by a total 50 basis points so far this year, and a cumulative 100 bps hike will bring the rate to 3.5%. Its next policy review is on August 18.,
Asked whether the central bank would go for smaller or bigger rate hikes, Medalla replied: "There are arguments for and against gradualism."
He has previously said the central bank will not be obliged to match the policy tightening by the U.S. Federal Reserve even as the narrowing gap between Philippine and U.S. interest rates has weighed on the peso.
Nevertheless, Medalla said the central bank "might not want the (weak peso) to add further to the rise in prices."
Last month's 6.1% annual inflation rate, brought the first half average rate to 4.4%, well outside the central bank's 2%-4% target for the year.- Reuters
转载说明:本文转载自Sunbet。 Usdt自动充值接口声明:该文看法仅代表作者自己，与本平台无关。转载请注明：usdt支付接口:Philippines central bank governor says may raise rates by 100 bps more this year