Philippine central bank keeps rate hike on table despite weak GDP growth

Neil Jerome Morales / Bloomberg

Aug 10

While easing further in July, inflation in the Southeast Asian nation is still way beyond the the central bank's 3% target for the year. (Aug 10): The Philippine central bank is ready to tighten ...

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(Aug 10): The Philippine central bank is ready to tighten ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/global-economy/philippine-central-bank-keeps-rate-hike-table-despite-weak-gdp-growth?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Philippine central bank keeps rate hike on table despite weak GDP growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhilippine central bank keeps rate hike on table despite weak GDP growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-10 07:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/global-economy/philippine-central-bank-keeps-rate-hike-table-despite-weak-gdp-growth?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Neil Jerome Morales / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While easing further in July, inflation in the Southeast Asian nation is still way beyond the the central bank's 3% target for the year. (Aug 10): The Philippine central bank is ready to tighten ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/global-economy/philippine-central-bank-keeps-rate-hike-table-despite-weak-gdp-growth?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RHTX","symbol_name":"RH TACTICAL OUTLOOK ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/global-economy/philippine-central-bank-keeps-rate-hike-table-despite-weak-gdp-growth?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2658955756","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/global-economy/philippine-central-bank-keeps-rate-hike-table-despite-weak-gdp-growth?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2658955756","pubTimestamp":1786317298,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"While easing further in July, inflation in the Southeast Asian nation is still way beyond the the central bank's 3% target for the year. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RHTX":"RH TACTICAL OUTLOOK ETF","FITZ":"Fitz-Gerald Must Have Portfolio ETF","CGUI":"Capital Group Ultra Short Income ETF","MAPP":"Harbor Multi Asset Explorers ETF","BSR":"Beacon Unified Catalyst ETF","RMIF":"LHA Risk-Managed Income ETF","MDLV":"MORGAN DEMPSEY LARGE CAP VALUE ETF","CGUS":"Capital Group Core Equity ETF","ADPV":"ADAPTIV SELECT ETF","VXZ":"中期波动率指数期货ETN","ILCV":"iShares Morningstar Value ETF","SDOG":"ALPS Sector Dividend Dogs ETF","PRVS":"Parnassus Value Select ETF","AGGZ":"Twin Oak Enhanced Fixed Income ETF","DIVZ":"TrueShares Low Volatility Equity Income ETF","LGH":"HCM Defender 500 Index ETF","SAMT":"Strategas Macro Thematic Opportunities ETF","CGVV":"Capital Group U.S. Large Value ETF","FLV":"American Century Focused Large Cap Value ETF","VOTE":"TCW Transform 500 ETF","HIDV":"AB US HIGH DIVIDEND ETF","EES":"WisdomTree U.S. SmallCap Fund","ARP":"PMV ADAPTIVE RISK PARITY ETF","IMCG":"iShares Morningstar Mid-Cap Growth ETF","VTV":"Vanguard Value ETF","FLXI":"Invesco Flexible Income ETF","REMC":"COLUMBIA RESEARCH ENHANCED MID CAP ETF","BAMA":"Brookstone Active ETF","LCG":"Sterling Capital Focus Equity ETF","SPCT":"Liberty One Spectrum ETF","RULE":"Adaptive Core ETF","DECU":"AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF","TCTL":"Premise Capital Diversified Tactical ETF","XOEX":"Xtrackers S&P 100 Ex Top 20 ETF","FT":"富兰克林通用信托","BKDV":"BNY MELLON DYNAMIC VALUE ETF","CGDV":"Capital Group Dividend Value ETF","CDC":"VictoryShares US EQ Income Enhanced Volatility Wtd ETF","DFUV":"DIMENSIONAL US MARKETWIDE VALUE ETF","EQRR":"ProShares Equities for Rising Rates ETF","BSP":"Bending Spoons S.p.A.","FXD":"First Trust Consumer Discretiona","MODL":"VictoryShares WestEnd US Sector ETF","IUS":"Invesco RAFI Strategic US ETF","ESLV":"Eventide Large Cap Value ETF","CLIX":"ProShares Long Online/Short Stores ETF","PSC":"Principal U.S. Small-Cap Multi-Factor ETF","TEQI":"T. 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(Aug 10): The Philippine central bank is ready to tighten monetary policy further to guide inflation back to target, governor Eli Remolona said, while adding that there's less pressure to do so after last quarter's surprise economic slowdown. \n\n\"The question is what you need to bring inflation back down,\" Remolona told reporters on Monday, when asked whether the economy can handle more interest rate hikes. He added that the Bangko Sentral ng Pilipinas (BSP) is prepared to tighten policy \"as much as necessary to bring inflation down to target\".\nThe governor's remarks signal that the BSP is prepared to sustain its monetary tightening cycle, despite the Southeast Asian nation's economic growth slumping further last quarter. Monetary authorities, who have raised interest rates by 50 basis points this year, will hold their next rate-setting meeting on Aug 27. \n\nRemolona pointed out that the BSP's mandate is to maintain price stability, and keeping the economy growing is implied by that mandate.\n\"In the short-run, there's a problem on growth,\" the central bank chief said. He nevertheless said yes when asked if the disappointing economic growth reduces the pressure on the BSP to tighten monetary policy.\nWhile easing further in July, inflation in the Southeast Asian nation is still way beyond the the central bank's 3% target for the year. Still, BSP deputy governor Zeno Abenoja separately told reporters that core inflation, which excludes some food and energy items, may have already plateaued.\nThe Philippines has posted the slowest economic growth among Southeast Asian nations that have reported April to June figures. The country is battling elevated inflation from the Iran war that has decimated household consumption, as well as weak investment due to a graft scandal in flood-related infrastructure.\nUploaded by Liza Shireen Koshy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}