The Bangko Sentral ng Pilipinas has done enough to address inflation and could pause from raising interest rates at the next policy meeting in May, Finance Secretary Benjamin Diokno said.
“Contrary to some analysts’ view that the BSP’s Monetary Board could even push its policy interest rate higher than 6.5%, I think that the BSP is leaning towards a pause in its policy meeting in May,” Diokno said in a mobile phone message to reporters on Sunday. He is a member of the central bank’s policymaking body.
Source : Philippines Finance Chief hints at pausing rate hike cycle in May