© Reuters. SUBMIT IMAGE: Bangko Sentral ng Pilipinas Guv Felipe Medalla positions for a picture in his workplace at Manila, Philippines, November 18, 2022. REUTERS/Eloisa Lopez
MANILA (Reuters) – The Philippines’ reserve bank considers it “hazardous” to reduce rates of interest quicker than a plan alleviating by the united state Federal Book, its guv stated on Wednesday.
While Philippine rising cost of living will certainly slow down to listed below 4% late this year, the Bangko Sentral ng Pilipinas (BSP) intends to maintain its rates of interest differential with the united state, Guv Felipe Medalla informed press reporters on the sidelines of a reserve bank occasion, in advance of the BSP’s price establishing conference on May 18.
.
