Monetary Board seen pausing rate hike cycle

May 15, 2023 12:26 am

MONETARY authorities could hold off from further policy tight ening this Thursday as key interest rates are already high enough to temper inflation, analysts said.

Seven out of 10 analysts polled by The Manila Times favored a rate hike pause, noting that inflation had slowed for a third straight month and economic growth also decelerated in the first quarter.

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