Philippines

Philippines: Disappointing Q2 GDP growth to weigh on central bank decision

  • Q2 GDP growth at 4.3% yoy is the slowest rate since 2011

  • Consensus expectation is for the central bank to extend pause on rate hikes supported by the slower-than-expected growth

  • But peso weakening could also prompt the central bank to hike rates at the meeting on Thursday

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August 16th, 2023
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