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Philippine central bank chief says 2024 inflation forecast likely to be revised lower

July 29, 2022By Reuters

The Philippine central bank will likely revise down its inflation forecast for 2024, its governor said on Friday, though he did not specify a figure.

Bangko Sentral ng Pilipinas chief Felipe Medalla earlier in the day said inflation in 2023 is expected to fall back to within its 2%-4% target band, from a projected average of 5% this year.

(Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor)

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