New Philippine central bank Governor Eli Remolona signaled that further monetary policy tightening is still on the table for the Southeast Asian country, and said it’s “premature” to talk about cutting the key rate.
The Bangko Sentral ng Pilipinas remains on the “tightening side” as it monitors upside risks to inflation, including El Nino and wage hikes, Remolona said in Canada on Friday in a Bloomberg Television interview, his first since taking over leadership of the central bank.
Read More : Philippine Central Bank Remains Open to Potential Further Rate Hike