Possible surprise rate move to cool inflation – BSP chief

MANILA, Philippines — Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said there’s a risk that the central bank may already be “behind the curve” despite its early tightening moves to choke off war-driven inflation, adding that policymakers are “considering” an off-cycle rate hike. In an interview with One News TV on Friday, Remolona said the May inflation data due June 5 would be a key input for the Monetary Board’s next policy decision, scheduled for June 18. “We’re considering it,” he said when asked about the possibility of a rate hike outside the regular policy cycle. READ: PH […]... Keep on reading: Possible surprise rate move to cool inflation – BSP chief

Original source: Philippine Daily Inquirer