Golden Finance reported that the Governor of the Central Bank of the Philippines stated that the direction of monetary policy will ultimately lean towards easing. When conditions are ripe and when we believe that inflation is under control, we plan to loosen policies. We do not want to maintain high interest rates that would lead to output losses.
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Philippines Central Bank Governor: The direction of the monetary policy will ultimately move towards easing.
Golden Finance reported that the Governor of the Central Bank of the Philippines stated that the direction of monetary policy will ultimately lean towards easing. When conditions are ripe and when we believe that inflation is under control, we plan to loosen policies. We do not want to maintain high interest rates that would lead to output losses.