(Reporting by Enrico Dela Cruz; Editing by Michael Perry)
MANILA, March 26 (Reuters) - Philippines Finance
Secretary Benjamin Diokno said on Sunday he believed that the
local central bank was leaning towards a pause in interest rate
hikes at its next monetary policy meeting scheduled for May.
"In my view, the monetary authorities have done enough. And
monetary policy is not the only game in town. Besides, as I
mentioned earlier, monetary policy works with a long lag,"
Diokno, who sits as a member of the seven-month monetary board
of the central bank, said in a statement.
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