As inflation soars, Philippines central bank says it's ready to take pre-emptive action
Government officials say that inflation in the country has reached upper end of official 2-4% target in March
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Manila
THE chief of the central bank of the Philippines said on Tuesday (Apr 5) that it is prepared to "take pre-emptive action" if inflation expectations become at risk of becoming disanchored.
"Recent data, including the latest inflation numbers, suggest that inflation is likely to remain elevated in the coming months," said Bangko Sentral ng Pilipinas governor Benjamin Diokno at the Philippine Economic Briefing.
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