Philippine Central Bank Governor Sees More Than One Hike in Cards

The transcript discusses the potential for interest rate hikes in November, influenced by inflation and supply shocks. The Fed's decisions are considered, but not a major factor. Currency weakness is noted, but attributed more to economic uncertainty than policy differences. The effects of previous tightening are expected to continue into next year. Future rate hikes are likely, while rate cuts are not currently considered.

What are the two main supply shocks mentioned that could affect inflation?

• Transport fare hikes and electricity rates

• Food prices and oil prices

• Currency depreciation and import tariffs

• Interest rate changes and wage increases

How does the Federal Reserve's decision impact the local policy according to the transcript?

• It has no impact whatsoever.

• It is a major factor influencing local policy decisions.

• It is not a significant factor this time.

• It dictates the exact policy measures to be taken.

What is the main reason for currency weakness as discussed in the transcript?

• Trade deficits

• High inflation rates

• Uncertainty about the economic outlook

• Difference in policy rates between countries

What is the expected duration for the effects of previous rate hikes to continue impacting the economy?

• 1 quarter

• 2 quarters

• 3 quarters

• 4 quarters

What is the current stance on rate cuts for the next meeting?

• Rate cuts are dependent on the Federal Reserve.

• Rate cuts are being considered.

• Rate cuts have already been decided.

• Rate cuts are not on the table.

What condition must be met for rate cuts to be considered next year?

• High inflation numbers

• High output numbers

• Low inflation numbers

• Stable currency rates

Why is dollar strength not a major concern currently?

• Inflation expectations are unaffected by currency movements.

• Movements have not been sharp enough to affect expectations.

• The dollar has depreciated significantly.

• The local currency has strengthened considerably.