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Philippines’ central bank policy not tied to Fed decisions, says governor

By:
Reuters
Published: Jun 13, 2022, 02:23 UTC

MANILA (Reuters) - The Philippine central bank's monetary policy actions are not tied to the decisions of the United States' Federal Reserve, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said on Monday.

A logo of Bangko Sentral ng Pilipinas is seen at their main building in Manila

MANILA (Reuters) – The Philippine central bank’s monetary policy actions are not tied to the decisions of the United States’ Federal Reserve, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said on Monday.

The U.S. Fed meets on June 14 to 15, with most economists expecting a 50 basis point rate hike. The Philippines has signalled another rate increase for its June 23 policy meeting.

(Reporting by Neil Jerome Morales and Enrico dela Cruz; Editing by Kanupriya Kapoor)

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