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Philippine central bank signals another rate hike in June meeting

Philippine central bank signals another rate hike in June meeting

FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco

MANILA : The Philippine central bank is inclined to have another 25 basis point (bps) rate adjustment in its policy meeting next month, Governor Benjamin Diokno said on Thursday.

The central bank last week started unwinding its easy money policy, lifting the overnight reverse repurchase facility rate by 25 bps to 2.25 per cent, to combat inflationary pressures.

Source: Reuters

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