Prolonged delay of easing could harm economy

Jul 09, 2024 12:26 am

THERE is no need to wait too long to ease key interest rates, as that could lead to an economic downturn, the Philippine central bank chief said.

'When I said that we have to be cautious or we have to be careful, that basically means we have to not wait too long for easing because the longer we wait for easing the more likely it is that we will cause a loss of output which we don't want,' Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. told reporters during the EJAP-SMC Economic Forum 2024 on Monday.

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