Remolona: BSP still has room to hike rates

Aug 19, 2023 12:35 am

MONETARY authorities still have room to tighten policy without causing an economic contraction, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said on Friday.

'I think a pause is prudent, but we're ready to hike if the upside risks materialize,' Remolona said a day after the BSP's policymaking Monetary Board decided to hold off from adjusting key interest rates for a third straight meeting.

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