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Philippines central bank to focus on inflation at next policy meeting: governor

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Published Sat, Feb 4, 2023 · 08:49 AM
    • Philippine inflation was likely to be within a range of 7.5 per cent to 8.3 per cent in January.
    • Philippine inflation was likely to be within a range of 7.5 per cent to 8.3 per cent in January. PHOTO: REUTERS

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    THE Philippine central bank will focus on inflation rather than the Federal Reserve’s recent policy action when it meets on Feb 16 to review key interest rates, its governor said on Saturday (Feb 4).

    “Next meeting will focus on inflationary expectations in PH, not the Fed’s 25 bps rate increase,” Bangko Sentral ng Pilipinas governor Felipe Medalla told reporters in a phone message.

    Philippine inflation was likely to be within a range of 7.5 per cent to 8.3 per cent in January, the central bank said on Tuesday, following the 8.1 per cent rate in December, which was a 14-year high. The statistics agency will release inflation data on Feb 7. REUTERS

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    PhilippinesBangko Sentral ng Pilipinas

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