By Katherine K. Chan, Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) is now facing pressure to pause its tightening cycle as growth slowed for a fifth straight quarter, economists said, adding there is narrowing room for rate hikes in its inflation fight.
In a Nov. 9 report, Capital Economics Senior Asia Economist Gareth Leather said the fresh inflation peak in October could pressure the BSP to hike anew, but the continuing growth slump in the third quarter will likely warrant a pause.
Mr. Leather noted that the headline and core inflation last month “has put increased pressure on the central bank to hike rates again at its final meeting of the year in December.”
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