INQUIRER PHOTO / GRIG C. MONTEGRANDE
MANILA, Philippines — The weaker second-quarter growth could prompt the central bank to slow the pace of rate increases, or pause them altogether, as policymakers may seek to avoid adding pressure to an economy already strained by high inflation and weak confidence, analysts said.
In a note to clients, Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said the Bangko Sentral ng Pilipinas (BSP) may think harder about delivering another rate increase after growth had slowed to another postpandemic low last quarter.
READ: Postpandemic low: Q2 GDP grew by just 2.3%
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