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
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
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
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
View all Reports
Economy 2 MIN READ

UPDATE 1-Philippine c.bank does not have to match Fed, but watching risks

March 17, 2022By Reuters
Related Articles
Oil eases on worries about US inflation, interest rates May 21, 2024 Gold drops to over 1-month low as rate-hike bets fuel dollar February 15, 2023 TREASURIES-U.S. yields rise, traders bet on Fed's fast balance sheet reduction April 6, 2022

C.bank says it has tools to address market volatility

C.bank bank to review monetary policy on March 24

Recasts, adds comments on liquidity tools, inflation risks

MANILA, March 17 (Reuters) – The Philippines central bank does not have to follow the United States Federal Reserve’s lead in raising interest rates but is closely monitoring inflation risks, its governor said on Thursday.

“We do not necessarily have to move in pace with the monetary policy adjustments of the U.S. Fed,” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said in a media briefing, after the Fed on Wednesday raised rates for the first time since 2018. nL2N2VI1CD

Diokno, in remarks ahead of the BSP’s policy meeting on March 24, also said the central bank has liquidity-enhancing and management tools to deal with any short-term volatility caused by a potential tightening of financial conditions.

He said future policy decisions of the BSP, which has kept key interest rates unchanged at a record low of 2% PHCBIR=ECI since November 2020, will continue to be data-driven and based on domestic developments.

Philippine inflation held steady at a 16-month low of 3% in February as higher energy costs were offset by lower prices of some food items. nL2N2V7049

But fuel costs have shot up dramatically this month following Russia’s invasion of Ukraine, triggering petitions for fare and wage hikes in the Philippines.

Diokno reiterated the need to closely watch such emerging risks and arrest so-called second-round effects on inflation, or the indirect impact of high energy prices, such as possible wage adjustments.

President Rodrigo Duterte has rejected calls from some sectors and lawmakers to suspend the excise tax on fuel products because of the huge revenue losses the government would incur.

But the government has approved a package of fuel subsidies for certain sectors and cash aid for the poorest families to ease the impact of high oil prices. It has also proposed a four-day work week to reduce costs for employers and workers.

(Reporting by Enrico Dela Cruz; Editing by Kanupriya Kapoor
Editing by Ed Davies and Kanupriya Kapoor)

((enrico.delacruz@tr.com;))

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up