Philippine c.bank chief: 'Dangerous' to cut rates faster than Fed

MANILA (Reuters): The Philippines' central bank considers it "dangerous" to cut interest rates faster than a policy easing by the US Federal Reserve, its governor said on Wednesday (April 26).

While Philippine inflation will decelerate to below 4% late this year and come in closer to 3% in 2024, the Bangko Sentral ng Pilipinas (BSP) aims to maintain its interest rate differential with the Fed, Governor Felipe Medalla (pic) told reporters on the sidelines of a central bank event, ahead of the BSP's rate-setting meeting on May 18.