MANILA -Monetary policymakers in the Philippines still need to look at upcoming April inflation data to see whether interest rate hikes could pause in the May meeting of the Monetary Board (MB), according to Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. Medalla, who is also MB chair, noted in an interview with Bloomberg TV that while year-on-year inflation has eased significantly, they were more closely monitoring the month-on-month changes in the pace of increases in prices of goods and services that households commonly purchase.

https://business.inquirer.net/395383/bsp-not-in-a-hurry-to-pause-rate-hikes

#inquirer