The Philippine central bank says it is ready to resume monetary policy tightening to forestall price pressures even as inflation cooled to a 16-month low in July
The Philippine central bank said it is ready to resumeto forestall price pressures even as inflation cooled to a 16-month low in July.
Bangko Sentral ng Pilipinas “stands ready to adjust the monetary policy stance as necessary to prevent the further broadening of price pressures as well as emergence of additional second order effects in view of the persistent upside risks to the inflation outlook,” the central bank said in a statement Friday.
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