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Dep Gov Dakila Says Central Bank Is Ready To Act To Keep Inflation On Path Consistent With Target

BSP

Bangko Sentral ng Pilipinas Deputy Governor Francis Dakila said that the central bank stands ready to act to ensure that inflation will be on a path consistent with the +2%-4% Y/Y target.

  • The official sees a "great chance" that inflation will undershoot the target range by 1Q2024 on the back of base effects.
  • Finance Minister Benjamin Diokno added that the Philippines is "over the hump" on inflation and will likely return to the target in Q4.

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