BSP open to matching more Fed hikes to tame inflation - BusinessWorld Online

The Philippines central bank may keep on matching the Federal Reserve’s next rate increases should domestic inflation continue to quicken, according to Governor Felipe M. Medalla.

Bangko Sentral ng Pilipinas Governor Felipe M. Medalla attends an economic briefing in Pasay City,

Mr.Medalla’s comments came after the Philippines reported the fastest inflation in almost 14 years last month and a day after the governor announced that the monetary authority will match this week’s 75-basis-point hike at the Nov. 17 meeting.

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