Philippines keeps inflation target at 2%-4% through 2026

The central bank is unlikely to cut rates in the next few months, Bangko Sentral ng Pilipinas Governor Eli Remolona told a media conference, reiterating the lender’s hawkish stance. - PDI

MANILA: The Philippines central bank said on Thursday (Dec 21) it has decided to retain its inflation target range of 2% to 4% through 2026, reiterating its readiness to tweak monetary policy to achieve targets.

The inflation target range remains an appropriate representation of the medium-term goal for price stability, the central bank said in a statement.