The Business Times

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

    • 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
    Published Sat, Feb 4, 2023 · 08:49 AM

    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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    PhilippinesBangko Sentral ng Pilipinas

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More