Philippine central bank governor Medara: If the Fed raises rates by 50 basis points, we have to raise rates.

Philippine central bank governor Medara: If the Fed raises rates by 50 basis points, we have to raise rates.There is no need to adjust the aperiodic rate. If we fail to act, it will lead to a weakening in the Philippine peso that we do not want to see. It is too early to say that the central bank will pause rate hikes. The direction of central bank interest rates will depend on the Fed and inflation.