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Philippine central bank focusing on inflation; exchange rate not a problem

Tan KW
Publish date: Fri, 24 Mar 2023, 02:50 PM
Tan KW
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The Philippine central bank can focus on fighting inflation as the peso is not a problem, its governor said on Friday (March 24).

Robust foreign exchange inflows are supporting the peso, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said in a speech at a thrift bankers' event.

The BSP will do everything in its power to bring inflation below 4% next year, he said.

The central bank expects inflation to average 6.0% in 2023 and 2.9% in 2024.


  - Reuters


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