MANILA, May 28 (Reuters): The Philippine central bank has room to tighten monetary policy but there is no reason to rush raising interest rates with inflation mainly driven by higher cost of imports, its incoming governor has announced.
Felipe Medalla, a monetary board member of the Bangko Sentral ng Pilipinas (BSP) for the past decade, was named as its next governor on Thursday by President-elect Ferdinand Marcos, who is close to completing his economic team.
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