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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
View all Reports
BusinessWorld 1 MIN READ

Impact of PH monetary policy tightening to be felt until next year — BSP chief

September 22, 2023By BusinessWorld
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The economic impact of monetary policy tightening by the Philippine central bank will have a long lag and be felt into next year, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona said on Friday.

“The effects of tightening will continue for about three quarters up to the first half of next year. We’ll still see the previous hikes weighing on economic activity in the Philippines. The lags are long,” Mr. Remolona said during an interview with Bloomberg TV.

The BSP kept its key interest rate steady for a fourth straight policy meeting on Thursday, while signaling its readiness to resume tightening monetary policy at its next meeting in November if inflation pressures persist.

The Philippine economy grew at its slowest pace in nearly 12 years in the second quarter as high inflation and a series of interest rates hikes hurt consumer demand.

Mr. Remolona, at the same time, ruled out a rate cut anytime soon.

“Output numbers have to be pretty bad and inflation numbers to be pretty low for us to consider rate cuts next year,” he said. — Reuters

This article originally appeared on bworldonline.com

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