Rate hike looms in the Philippines on inflation woes, says Bank Governor

Bangko Sentral ng Pilipinas Governor Eli Remolona, Jr.

MANILA (Philippine Daily Inquirer/ANN): The Bangko Sentral ng Pilipinas’ (Philippines Central Bank) policy rate may be raised before the Monetary Board’s (MB) meeting on Nov. 16, and may happen as early as Oct. 26 or four weeks early, according to MB chair and BSP Governor Eli Remolona Jr.

Remolona told journalists in a chance interview on Tuesday that “an off-cycle move is on the table at the moment.”