MANILA, April 26 (Reuters) - The Philippines' central
bank considers it "dangerous" to cut interest rates faster than
a policy easing by the U.S. Federal Reserve, its governor said
on Wednesday.
While Philippine inflation will decelerate to below 4% late
this year, the Bangko Sentral ng Pilipinas (BSP) aims to keep
its interest rate differential with the U.S., Governor Felipe
Medalla told reporters on the sidelines of a central bank event,
ahead of the BSP's rate setting meeting on May 18.
(Reporting by Neil Jerome Morales)
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