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Medalla Says It's "Too Early" To Halt Rate-Hike Cycle

BSP

Bloomberg runs comments from BSP Governor Medalla who says that it is "too early" to pause rate hikes as the Philippine central bank needs to see "enough low month-on-month inflation."

  • Medalla noted that domestic lenders are well prepared to absorb additional rate hikes as they are very liquid and well-capitalised, adding that the rate hikes are yet to restrict economic growth.
  • USD/PHP 1-month NDF has been unfazed and last trades unchanged at PHP54.30.

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