Read this in The Manila Times digital edition.
Monetary authorities could pause from hiking interest rates when they next meet as the impact of the current tightening cycle has yet to be fully felt, Finance Secretary Benjamin Diokno said on Sunday.
"Contrary to some analysts' view that the BSP (Bangko Sentral ng Pilipinas) Monetary Board could even push its policy interest rate higher than 6.5 percent, I think that the BSP is leaning towards a pause in its policy meeting in May," Diokno said in Viber message to reporters.
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