• Interest rate differential between the Philippines and the US remains “quite narrow” and not responding to policy tightening by the Federal Reserve will result in an “undesirably weak peso”.
  • Speaking to reporters on the sidelines of a financial technology forum, Medalla repeats that there’s “no need” for an unscheduled rate increase
  • If Fed increases its policy rates by 50 basis points, BSP “cannot do a zero”.