BSP chief sees lower pressure to match future Fed hikes

January 10, 2023 - 5:34 PM
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Bangko Sentral logo facade
The Bangko Sentral ng Pilipinas main building in Manila. REUTERS/Romeo Ranoco/File Photo

 The Philippine central bank chief said on Tuesday the pressure on local monetary authorities to match future interest rate hikes by the U.S. Federal Reserve will be much lower.

Bangko Sentral ng Pilipinas Governor Felipe Medalla also told reporters that the choice for the central bank was whether to raise interest rates by either 25 or 50 basis points at its next policy meeting.

—Reporting by Neil Jerome Morales; Editing by Ed Davies