Fed moves now 'less of a factor'

Fed moves now 'less of a factor' – BSP exec

Jun 16, 2023 12:30 am

PHILIPPINE monetary authorities 'will not move in complete lockstep' with the US Federal Reserve (Fed) with regard to keeping inflation under control, a senior Bangko Sentral ng Pilipinas (BSP) official said on Thursday.

'[Their] policy actions will remain relevant, but we see the Fed actions now as being less of a factor in decision-making,' BSP Deputy Governor Francisco Dakila Jr. said during the Philippine Economic Briefing in Singapore.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Sojourner's trail

PH, SKorea to advance digital transformation

Washington seeks to avoid debt default

Tanduay eyes global expansion in 2025

US industrial output jumps in December

How to make 2025 prosperous

Low global growth worries WB