Weak Philippine Growth to Limit Rate Hikes, Economists Say

Economists suggest that the Philippine central bank will struggle to raise its policy rate due to a deepening economic slump in the second quarter. This sluggish growth indicates a challenging economic environment, which likely means fewer opportunities for the bank to boost rates in an effort to manage inflation. Such a scenario could have broader implications for the country's economic recovery and investor confidence. For a more detailed analysis, it's worth checking out the full article on Bloomberg.