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MANILA, Philippines — Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said there’s a risk that the central bank may already be “behind the curve” despite its early tightening moves to choke off war-driven inflation, adding that policymakers are “considering” an off-cycle rate hike.
In an interview with One News TV on Friday, Remolona said the May inflation data due June 5 would be a key input for the Monetary Board’s next policy decision, scheduled for June 18.
“We’re considering it,” he said when asked about the possibility of a rate hike outside the regular policy cycle.
READ: PH to lean on interest rate hikes to arrest inflation
