The Philippine central financial institution can deal with combating inflation because the peso is just not an issue, its governor mentioned on Friday.
Robust international trade inflows are supporting the peso, Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla mentioned in a speech at a thrift bankers’ occasion.
The BSP will do the whole lot in its energy to convey inflation beneath 4% subsequent yr, he mentioned.
The central financial institution expects inflation to common 6.0% in 2023 and a pair of.9% in 2024. — Reuters
