Fresh rate hike won't have immediate impact

Oct 13, 2023 12:33 am

RENEWED rate hikes won't curb inflation for the rest of the year but will help control price expectations, an economist said.

'Monetary policy operates with a lag so any impact if any will only be felt next year (9-12 months from action), so it wouldn't help alleviate 2023 inflation,' ING Manila Bank senior economist Nicholas Antonio Mapa told The Manila Times.

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

IMF trims PH forecasts

PH gets end-of-life vehicle dismantler

Marcos approves VAT on foreign digital services

BSP seen delivering 50 bps cut this month

Peso weakens vs dollar, stock exchange up ahead of inflation news

Average power prices plunge in September

NFA to earn P557.3M from higher rice price