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BloombergPhilippines Central Bank Tempers Hawkish Tone as High Rates Bite
(Bloomberg) -- A day after signaling the central bank’s readiness to pivot to monetary easing, Philippine central bank Governor Eli Remolona said he would like to see easier liquidity conditions as policy may be becoming tighter than necessary.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter
BloombergPhilippines May Cut Key Rate by Up to Half Point This Year
(Bloomberg) -- The Philippine central bank may lower its key interest rate by a total of 50 basis points this year as price risks moderate, Governor Eli Remolona said Thursday, after keeping it at a 17-year high for a fifth meeting.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Is Trading Near Historic 40,000 Mark: Markets WrapW
