Philippine Central Bank May Cut Key Rate if Fed Cuts, Governor Says

The transcript discusses the factors influencing rate hikes, particularly the impact of US rate cuts on Philippine monetary policy. It highlights the strong economic growth in the Philippines and the goal to maintain inflation below 4% by the fourth quarter. The potential risks of currency depreciation and its effect on inflation expectations are also examined. Additionally, the BSB's reduced intervention in the FX market compared to the previous year is noted.

What concerns are raised regarding the impact of currency depreciation on inflation?

How does the central bank's intervention in the FX market vary over time?