Inquirer.net·4 min read·hard
Anemic GDP seen to temper rate hikes
I
Ian Nicolas P. Cigaral
✦AI Summary
The Philippines' central bank may pause interest rate hikes following a weaker-than-expected second-quarter GDP growth of 2.3 percent. Analysts suggest that cooling inflation and economic strain provide the Monetary Board with room to prioritize growth over further tightening.
MANILA, Philippines - The weaker second-quarter growth could prompt the central bank to slow the pace of rate increases, or pause them altogether, as policymakers may seek to avoid adding pressure to an economy already strained by high inflation and weak confidence, analysts said.
economybusiness
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