Medalla: Rate cuts possible in Q4 2023

By Eireene Jairee Gomez

Dec 03, 2022 12:20 am

MONETARY authorities will continue tightening policy with a reversal likely in the fourth quarter of next year, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said on Friday.

In an interview with Bloomberg, Medalla reiterated that a smaller 25- to 50-basis-point (bp) increase would likely be ordered on December 15, the Monetary Board's final meeting for 2022.

Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla

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