'One more' rate hike 'most likely scenario'

By The Manila Times

Feb 27, 2023 12:45 am

Monetary authorities to act if inflation goes higher – Medalla

MONETARY authorities remain hawkish but are unlikely to order a hefty rate increase when they next meet in March, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said.

'[T]he most likely scenario is one more hike,' Medalla told reporters on Friday at the sidelines of the BSP's annual reception for the banking community.

BANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla. PHOTO BY: J. GERARD SEGUIA

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Monetary authorities to act if inflation goes higher – Medalla

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