Philippine Central Bank Head Diokno Pledges More Rate Cuts

The video discusses economic growth targets of 6-7%, challenges like delayed budgets and El Nino, and the impact of trade wars on policy. It covers monetary policy adjustments, including a 25 basis point rate cut, and the potential for further cuts depending on inflation and capacity utilization.

What were the main reasons for the first quarter's economic growth being lower than expected?

• Increased interest rates and low consumer spending

• Strong currency and reduced exports

• High inflation and trade war

• Delayed budget and poor agriculture

How might El Nino affect the country's economic activities?

• By increasing agricultural output

• By reducing trade barriers

• By delaying construction activities

• By boosting tourism

What was the impact of the trade war on the country's economic policies?

• It caused a recession

• It led to increased tariffs

• It had no significant impact

• It significantly altered monetary policy

Why did the central bank decide to cut the benchmark rate by 25 basis points?

• To respond to a trade war

• To boost consumer spending

• To normalize after a previous rate increase

• To counteract high inflation

What factors will influence future monetary policy decisions?

• Currency exchange rates and tourism

• Inflation rates and capacity utilization

• Global oil prices and trade agreements

• Political stability and foreign investments