BSP governor Benjamin Diokno (pic) reiterated the central bank’s resolve “to maintain its accommodative monetary policy stance for as long as necessary... to the extent that the inflation outlook would allow”.
MANILA: Philippine inflation eased in September from a near three-year peak in the previous month, giving the central bank some room to maintain its policy support to ensure a sustained recovery for the economy.
The Consumer Price Index rose 4.8% from a year earlier, but slowed from 4.9% in August, mainly due to a slowdown in the transport index, government data showed yesterday.
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