BSP remains hawkish, weighs new rate hike READ MORE:
Medalla said in an interview at the sidelines of the 2023 annual reception for the banking community Friday night monetary authorities would have no reason to raise the policy rate if inflation would show a slowdown in February, but would act if it would continue to rise.
Medalla did not say whether inflation peaked in January. He said if non-monetary measures started working, then the January figure would be the highest.“We are looking now at month-on-month… The main scenario is that February inflation will be lower than January,” Medalla said. “That is the role of LGUs [local government units] because if there are people [monitoring] the markets, it affects the behavior [of traders]… So we are doing everything. Even rice has no significant impact on inflation,” Diokno said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maharlika more acceptable now – BSP chiefBangko Sentral ng Pilipinas Governor Felipe Medalla sees the Marcos administration’s plan to set up a sovereign wealth fund as “more acceptable,” now that it clearly will not dip into the country’s foreign exchange reserves. | Philbizwatcher /PDI
Read more »
BSP eyes removal of fees for small-value fund transfersIn a post on his official Twitter account, Medalla cited that a P15 fee—charged by a number of banks for interbank transfers—for a P200 transaction would be “quite large” relative to the amount being sent.
Read more »
BSP guv: Another rate hike possibleBangko Sentral ng Pilipinas Governor Felipe Medalla on Friday said the next monetary rate adjustment will partly depend on the outcome of the inflation rate this February. At the sidelines of BSP&…
Read more »
19-year-old former Binibining Pilipinas candidate is Miss Caloocan 2023Nineteen-year-old Natasha Jung, a former Binibining Pilipinas candidate, was crowned Miss Caloocan 2023 on Saturday, besting 21 other candidates for the title. At the grand coronation night
Read more »
Quiambao takes Oftana spot in Gilas Pilipinas lineup vs JordanICYMI: Gilas Pilipinas makes just a single personnel change for its final FIBA World Cup Asian Qualifiers game against Jordan. FIBAWC
Read more »
Gilas Pilipinas eyes strong end to qualifiers vs JordanThe FIBA World Cup Asian Qualifiers is coming to its end and Gilas Pilipinas is eyeing a fitting close to a 15-month journey that is full of drama, agonizing failures and heartbreaks, and stories of resilience, redemption and hope. READ:
Read more »