Philippine Central Bank Head Sees Space for Slower Rate Hike
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Philippine central bank Governor Felipe Medalla said he sees space for a quarter-point move at the next monetary policy review, amid expectations for inflation to start cooling.
There may be one more increase, Medalla said at an event in Manila on Friday. A 25-basis-point hike is the most likely option, said the central bank chief, while adding that high month-on-month inflation may prompt a bigger move.