Philippine Central Bank to Delay Further Reserve Ratio Cut: Governor

From Bloomberg Markets and Finance.

Philippine central bank Governor Felipe Medalla discusses monetary policy and the state of the economy. Bangko Sentral ng Pilipinas on Thursday delivered another large interest-rate hike. Philippines will not hike key rate by 50 or 75 basis points in the future, as central bank has already "done enough," Medalla has said. He speaks with David Ingles and Yvonne Man on "Bloomberg Markets: China Open."