MANILA— An interest rate cut in the Philippines “is not yet in the picture,” Finance Secretary Benjamin Diokno said on Monday.
Diokno, who is a member of the seven-person policy making monetary board, told ANC news channel, the central bank “may maintain the current (policy) rate” at 6.25% PHCBIR=ECI even if inflation was on an easing trend.
—Reporting by Karen Lema