• Medalla is confident of achieving a target consistent inflation path by mid-2023, and the time to pause on rate increases will be before that, he tells reporters in Manila
  • “Remember, the effect of policy rate is a six-month lag,” Medalla says; adds the pause could be as early as 1Q although that’s on the condition that there’ll be “no major shocks”
  • Worst may be over for Philippine peso, he says, “Government’s GDP growth target next year is viable,” Medalla says