FelipeMedalla

Philippine Central Bank Chief Signals Potential Rate Cuts Amid Sluggish Economic Growth

2 months ago

The Central Bank of the Philippines is considering implementing interest rate cuts following recent economic data indicating a slowdown in growth. This announcement comes as the Bank seeks to stimulate investment and consumer spending, which have been hindered by a series of external and internal pressures. Central Bank Governor Felipe Medalla hinted that adjustments to the current monetary policy may be forthcoming if the trend continues.

Philippine Peso Predicted to Weaken Amid Economic Risks, Says BSP Governor

5 months ago

The Philippine peso is under pressure and could potentially decline to as low as 59 to the US dollar if prevailing economic risks escalate, according to Felipe Medalla, the governor of the Bangko Sentral ng Pilipinas (BSP). His comments come amid concerns over rising inflation and geopolitical tensions, which could impact financial stability and investor confidence in the country.