Monetary authorities could raise benchmark interest rates further during their first two meetings this year before inflation starts to return back to target levels, the chief of the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.

Speaking at the sidelines of the launch of the United States Agency for International Development's Strengthening Private Enterprise for the Digital Economy project, BSP Governor Felipe Medalla said there was less pressure to match US Federal Reserve tightening.

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