Defining the News
Monetary authorities will likely opt for a 25-basis-point increase if another interest rate adjustment is warranted next month, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said over the weekend.
Remolona also clarified that local monetary authorities decided to raise the policy rate by just 25 basis points to 6.5 percent on Thursday, instead of the bigger 50 basis points because they were waiting for the latest data. Remolona said last week that he was hoping the coming data would be nicer to monetary authorities, otherwise another rate hike might happen.
Remolona said despite the aggressive policy stance, the monetary tightening had not affected the economy’s growth prospects, saying the slowdown in the past months was due to the waning of pent-up demand.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Marcos enacts law on LGU classificationDefining the News
Baca lebih lajut »
Solon urges PhilHealth to expand coverage by 20%Defining the News
Baca lebih lajut »
Palace places DAP under NEDA to streamline their functionsDefining the News
Baca lebih lajut »
Zamboanga City customs agents seize P24.6-m smuggled cigarettesDefining the News
Baca lebih lajut »
Cayetano harvests vegetables at Taguig school’s urban farmDefining the News
Baca lebih lajut »
SSS runs after delinquent employersDefining the News
Baca lebih lajut »