Philippine Central Bank Governor Signals Another Interest Rate Hike

The transcript discusses the central bank's decision to implement a significant rate hike due to large spillover effects from other countries and overshooting in the Forex market. The discussion covers the impact of global economic factors, such as the Fed meeting and peso weakness, on rate decisions. It highlights the economic resilience and future rate projections, emphasizing the importance of inflation targeting and exchange rate management. The central bank's priorities are outlined, focusing on inflation control and addressing currency overshooting.

What indicators suggest that the economy can withstand higher interest rates?

In what ways can supply shocks impact inflation expectations?

What is the significance of maintaining a credible inflation target for the economy?