MANILA : The Philippines' central bank could pause its interest rate- hiking cycle at its meeting next month due to easing inflation, its governor said on Wednesday.
Tempered inflation in April puts monetary authorities in a position to pause policy, Medalla said, adding that the inflation average for 2023 will be revised downwards from the 6 per cent projection. The BSP was Asia's most aggressive central bank in raising interest rates to combat elevated inflation and keep up with the U.S. Federal Reserve's tightening cycle.
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