BSP governor says Fed should be ‘more caring’

Central Bank of the Philippines
The Central Bank of the Philippines
Patrick Roque (https://bit.ly/3FMbD8F)

Philippine central bank governor Felipe Medalla said he wished the US Federal Reserve would be “more caring” about international conditions when it raises interest rates.

Medalla made the comment at a talk held by the International Monetary Fund and the World Bank on April 11. He said the Central Bank of the Philippines (BSP) has used a mix of policy tools to fight inflation and protect the peso from shocks, including raising its policy rate by 425 basis points since May 2022.

The governor

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