Philippine Central Bank Chief Open to an Off-Cycle Rate Hike
- Governor Remolona says no RRR cut while on tightening mode
- GDP growth seen by BSP at 4.9% this year, 4.5% in 2024
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Philippine central bank Governor Eli Remolona said he’s open to an unscheduled interest-rate hike before the November meeting, doubling down on his hawkish stance as he also ruled out easing in the first half of 2024.
“I am open to an off-cycle increase,” he said in an interview with Bloomberg News in Manila on Monday, acknowledging that his rhetoric has become “more hawkish” since taking office in July.