Read this in The Manila Times digital edition.
Monetary authorities could raise benchmark interest rates further during their first two meetings this year before inflation starts to return back to target levels, the chief of the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
Speaking at the sidelines of the launch of the United States Agency for International Development's Strengthening Private Enterprise for the Digital Economy project, BSP Governor Felipe Medalla said there was less pressure to match US Federal Reserve tightening.
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