BusinessWorld E-paper
April 27, 2023
BANGKO SENTRAL ng Pilipinas (BSP) Governor Felipe M. Medalla said on Wednesday it is “dangerous” to cut benchmark rates faster than the US Federal Reserve’s easing because it might
cause the peso to further depreciate against the dollar.
“If US inflation is sticky and the cuts are slow, it’s very dangerous for the Philippine central bank to cut faster than the US even if its inflation is falling faster,” he told reporters on the sidelines of a BSP event in Pasay City.
