The Philippine central bank is prepared to resume tightening monetary policy given that inflation remains a challenge, central bank officials said. | Reuters
MANILA – The Philippine central bank is prepared to resume tightening monetary policy given that inflation remains a challenge, central bank officials said on Tuesday.
Bangko Sentral ng Pilipinas Deputy Governor Francisco Dakila said policymakers were determined to bring inflation, which slowed to 5.4 percent in June, back to the central bank’s 2 percent-4 percent target this year.“The BSP remains ready to resume monetary tightening as warranted by the data on the inflation outlook,” Dakila told an economic briefing.
Separately, BSP Governor Eli Remolona told the same briefing inflation remains a challenge for the country.
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