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.

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