Philippines keeps inflation target at 2-4% to 2026
Add BT as a preferred source
THE Philippines central bank said on Thursday (Dec 21) it has decided to retain its inflation target range of 2 to 4 per cent to 2026, reiterating its readiness to tweak monetary policy to achieve targets.
The inflation target range remains an appropriate representation of the medium-term goal for price stability, the central bank said.
“The current and projected inflation environment continues to support the steady growth of the economy,” it said.
The prevailing higher-for-longer policy stance, plus non-monetary measures by the government, aim for a sustained return of inflation to the medium-term target and keep inflation expectations anchored, it added.
Philippine inflation eased to 4.1 per cent in November, bringing the year-to-date figure to 6.2 per cent, still above the central bank’s target range of 2 to 4 per cent for 2023. 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.
Share with us your feedback on BT's products and services
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
