Economy 1 MIN READ

BSP chief says has policy room to combat inflation

September 7, 2022By Reuters

The Philippine central bank “has much room” to tighten policy to combat inflation, its governor said on Wednesday.

Bangko Sentral ng Pilipinas Governor Felipe Medalla also said in an economic briefing in Singapore the central bank, which meets on Sept 22 to review policy, “cannot not react” if the US Federal Reserve keeps hiking rates by 75 basis points.

(Reporting by Neil Jerome Morales and Karen Lema in Manila)

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