Philippines' May y/y inflation 'definitely lower' than April's 6.6%, says its central bank chief

MANILA, June 4 (Reuters): Philippine headline inflation in May will be "definitely lower" than April's 6.6%, and expected to ease further to below 4% by September or October, the central bank chief said recently.

Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla also said he expects inflation to go below 2% by January next year, and average under the mid-point of the target for the entire year.