KONTAN.CO.ID - MANILA. The Philippine central bank is not ruling out a 25 basis points interest rate increase at its meeting next month, its governor said on Wednesday, after latest data showed inflation quickened for a second straight month in September. Bangko Sentral ng Pilipinas Governor Eli Remolona said higher interest rates have not affected the country's growth prospects, suggesting there was room for further policy tightening. "I would not rule out a 25 basis points rate hike," Remolona told a press conference.
Philippine Central Bank Not Ruling Out Rate Hike in November
KONTAN.CO.ID - MANILA. The Philippine central bank is not ruling out a 25 basis points interest rate increase at its meeting next month, its governor said on Wednesday, after latest data showed inflation quickened for a second straight month in September. Bangko Sentral ng Pilipinas Governor Eli Remolona said higher interest rates have not affected the country's growth prospects, suggesting there was room for further policy tightening. "I would not rule out a 25 basis points rate hike," Remolona told a press conference.