The Bangko Sentral ng Pilipinas is keeping the door open to a more aggressive 50-basis-point interest rate hike next month, according to a report by Philstar Biz.
BSP Governor Eli Remolona Jr. said such a move remains unlikely for now, though policymakers continue to assess a growing list of inflation risks. The central bank has been gradually raising rates to curb price pressures, but the pace of tightening could accelerate if necessary.
Analysts are watching the BSP’s next moves closely as the Philippine economy faces headwinds from global commodity prices and domestic demand. The central bank’s next policy meeting is scheduled for next month, where a decision on the benchmark rate will be announced.