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Philippine Central Bank Keeps Rate Hike on Table Despite Weak GDP Growth

Bloomberg Markets Monday 10 August 2026, 05:54 UTC By Neil Jerome Morales 1 min read
Key Points

Philippine Central Bank Keeps Rate Hike on Table Despite Weak GDP Growth The Philippine central bank is ready to tighten monetary policy further to guide inflation back to target, Governor Eli Remolona said, while adding that there’s less pressure to do so after last quarter’s surprise economic slowdown. “The question is what you need to bring inflation back down,” Remolona told reporters on Monday, when asked whether the economy can handle more interest rate hikes.

Philippine Central Bank Keeps Rate Hike on Table Despite Weak GDP Growth The Philippine central bank is ready to tighten monetary policy further to guide inflation back to target, Governor Eli Remolona said, while adding that there’s less pressure to do so after last quarter’s surprise economic slowdown. “The question is what you need to bring inflation back down,” Remolona told reporters on Monday, when asked whether the economy can handle more interest rate hikes. He added that the Bangko Sentral ng Pilipinas is prepared to tighten policy “as much as necessary to bring inflation down to target.”
Philippine Central Bank (ORG) Philippine (ORG) Eli Remolona (PERSON) Remolona (PERSON) Bangko Sentral (LOCATION) ng Pilipinas (PERSON)
Originally published by Bloomberg Markets Read original →

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