Philippine central bank chief sees 2023 inflation back within target band

2022.07.29 06:50

Philippine central bank chief Felipe Medalla attends an economic briefing following President Ferdinand Marcos Jr’s first State of the Nation Address, in Pasay City, Metro Manila, Philippines, July 26, 2022. REUTERS/Lisa Marie David

MANILA (Reuters) – The Philippine central bank expects inflation to ease back to within its 2%-4% target band next year, from a projected average of 5% this year, its governor said on Friday.

Bangko Sentral ng Pilipinas chief Felipe Medalla, speaking at a business forum, also said the peso-dollar exchange rate will continue to be “flexible” and market-determined.

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