Anemic GDP growth may temper Bangko Sentral ng Pilipinas' rate hike pace
The Philippines' weaker-than-expected 2.3% GDP growth in the second quarter is prompting analysts to suggest the central bank (BSP) may slow its pace of interest rate hikes or pause them altogether, balancing inflation control with economic support. With inflation also showing a downward trend, attention is focused on the BSP's upcoming monetary policy meeting.
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