Philippines May Consider Rate Increase in June: Central Bank Governor

The transcript discusses the Philippines' economic outlook, including GDP growth, inflation, and monetary policy. It highlights the country's resilience in the face of global economic challenges, such as the Ukraine war and rising oil prices. The discussion covers interest rates, currency depreciation, and international reserves, emphasizing the Philippines' ability to manage debt and maintain economic stability. The potential impact of US Fed rate hikes and the importance of economic growth for debt management are also explored.

What was the revised GDP growth forecast for the Philippines for this year?

• 7.5%

• 6.5%

• 8.5%

• 5.5%

What is the main concern for the Philippines if the US raises interest rates?

• Increased inflation

• Getting behind the curve

• Decreased foreign investment

• Rising unemployment

How has the peso's depreciation compared to other currencies in the region?

• It has depreciated less

• It has appreciated

• It has depreciated more

• It is in the middle range

What is the IMF's inflation forecast for the Philippines this year?

• 4.3%

• 5.3%

• 6.3%

• 3.3%

What is the Philippines' debt-to-GDP ratio after the pandemic?

• 70.5%

• 60.5%

• 39.6%

• 50.5%

What is the Central Bank's plan regarding the reserve requirement?

• Eliminate it completely

• Increase it to 20%

• Reduce it to single digits

• Maintain it at 18%

Why is capital flight not a major concern for the Philippines currently?

• Weak currency

• High foreign debt

• Low international reserves

• Strong domestic investment opportunities