‘Hawkish’ Philippine central bank chief rules out early rate cut

MANILA (Bloomberg): Philippine central bank Governor Eli Remolona said he is open to an unscheduled interest-rate hike before the November meeting and that a pivot to easing was unlikely in the first half of 2024.

"I am open to an off-cycle increase,” he said in an interview with Bloomberg News in Manila on Monday, acknowledging that his rhetoric has become "more hawkish” since taking office in July.