BENGALURU, India — The Philippine central bank is sticking with its view that interest rates could be lowered as early as August despite an uptick in inflation last month, saying it was happy with where consumer prices were going.

Speaking in the Reuters Global Markets Forum, Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. said there was a chance the central bank could ease monetary policy in the third quarter (Q3), but it would remain data-dependent.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details